Poverty and well-being are multidimensional. Nobody questions that deprivations and achievements go beyond income …. There is, however, sharp disagreement on whether the various dimensions of poverty and well-being can be aggregated into a … single, multidimensional index in a meaningful way. Is aggregating dimensions of poverty and well-being useful? Is it …

around a constant income distribution to illustrate why standard measures of poverty, built on the intuitions of unchanging …

analyze the effects of a higher minimum wage in terms of poverty rather than in terms of unemployment. Second, we extend the … in which a higher minimum wage raises poverty, others where it reduces poverty, and yet others in which poverty is … unchanged. We characterize precisely how the poverty effect depends on four parameters: the degree of poverty aversion, the …