Using an approach that complements standard income-based measures with broader measures of well-being this paper … income instability as measures of deprivation and analyzes their relationship with perceived and objective well-being. First … perceived well-being and income instability. …

caught in a vicious circle. They lack sufficient access to education, credit and other means to generate income, so they earn … lower wages, which in turn prevents them from accumulating the assets they need to increase future income. The authors … analyze the ownership and use of income-generating assets, as well as access to them. Where there are market imperfections …