In this chapter, Lars Osberg and Andrew Sharpe provide an overview of trends in a number of dimensions of economic well-being (consumption flows, stocks of wealth, income equality, and economic security) from the lens of the Index of Economic Well-being, a new composite measure of economic...

Employment is pivotal to strengthening Greece’s economic recovery, increasing social welfare and redressing poverty. Jobs are returning, making inroads into high unemployment, but their wages and skill levels are lower than many that were lost during the crisis. Greece’s hiring is benefiting...

The income poverty of a household does not only depend upon its income but it also depends upon its capability to develop suitable functionings and infrastructure, both physical and soft, plays a vital role in it. Another important factor in poverty reduction programme is the generation and...

This paper analyzes the impact of India's National Rural Employment Guarantee Scheme (NREGS) on households. In particular, we study the impact of the program on food security, savings and health outcomes of households. We follow 1064 households from 198 villages of Medak, Andhra Pradesh, over...

Zimbabwe has been in macroeconomic doldrums for a long time with the struggle still persisting. To date no single economic indicator points to the stability path, hence calling for proper policy stance to be adopted. For the current year, 2020, a world pandemic has emerged with possible serious...

A model is developed for peasant households in land abundant areas who choose between two technologies for land preparation: a manual one and one using draught animals. For draught a minimum number of animals is required so that a technological non convexity exists. It follows that certain...