While self-assessments of welfare have become popular for measuring poverty and estimating welfare effects, the methods … considerable doubt on the meaning of widely-used summary measures such as subjective poverty rates. Nonetheless, under the … poverty and welfare …

The challenges faced in calibrating poverty and welfare measures to objective data have long been recognized. Until …, the idea of a "social subjective poverty line" (below which people tend to think they are poor, but above which they do … not) is arguably the most conceptually appealing way of defining poverty. However, the paper points to a number of …