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Hierarchy of Needs and the Measurement of Poverty and Standards of Living (Elements in Development Economics)

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Book Details
Language
English
Publishers
Cambridge University Press (22 Feb. 2024)
Weight
0.15 KG
Publication Date
02/02/2024
ISBN-10
1009358170
Pages
102 pages
ISBN-13
9781009358170
Dimensions
15.24 x 0.58 x 22.86 cm
SKU
9781009358170
Author Name
Joseph Deutsch (Author)
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The focus of this Element is on the idea that choice is hierarchical so that there exists an order of acquisition of durable goods and assets as real incomes increase. Two main approaches to deriving such an order are presented, the so-called Paroush approach and Item Response Theory.

An empirical illustration follows, based on the 2019 Eurobarometer Survey. The Element ends with two sections showing first how measures of inequality, poverty and welfare may be derived from such an order of acquisition, second that there is also an order of curtailment of expenditures when individuals face financial difficulties.

This title is also available as Open Access on Cambridge Core. .

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