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The challenges associated with poverty measurement with a cardinal variable have received due attention during the last four decades, but there is a dearth of literature studying how to meaningfully assess poverty with an ordinal variable. This paper first proposes a class of simple, intuitive...
Persistent link: https://www.econbiz.de/10012228420
Persistent link: https://www.econbiz.de/10012002661
Housing is the largest durable good consumed by households. As such, any consumption-based measure of welfare, to be comprehensive, must include the value of the flow of services households derive from their dwellings, the so-called imputed rent. However, estimating imputed rents is a daunting...
Persistent link: https://www.econbiz.de/10012113819