widely used to assess well-being and poverty rates. Yet, because households can use wealth to consume more than income, so an … consumption is rarely well measured because its collection requires a great deal of survey time. As a result income has been … income-based measure of well-being could yield misleading results for many households. We use data from the Health and …

visibility in the deprivation of goods and assets vis-à-vis income behind perceptions of relative deprivation. We rely on … wealth by aggregating visible goods and assets using principal component weights. We find that relative deprivation in … visible wealth has a ten percentage point higher explanatory power for reporting a high level of perceived deprivation than …