- better cushions the poverty effects of income shocks in a developing economy. We compare the effectiveness of the three … benefit schemes on poverty first conceptually and then by considering two different crisis scenarios, the COVID-19 pandemic … the proxy-means-tested benefits are the most effective in reducing the poverty gap index, a simple categorical benefit is …

This paper examines the measurement of social welfare, poverty and inequality taking into account features that have … the differences between standard poverty and inequality measures based on observed income and measures that are calculated …. -- prospect theory ; poverty ; inequality ; welfare measurement ; vulnerability …

. Further, the reduction of poverty is typically the expressed goal of such countries, and this feature is also taken into … of private and public goods for the poverty minimization case, and compare the results to those derived under a general … to pay attention to when designing poverty alleviation policies. …

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 …