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Boats and tides and "trickle down" theories : what economists presume about wellbeing when they employ stochastic process theory in modeling behavior
Anderson, Gordon - 2012
Aphorisms that "Rising tides raise all boats" or that material advances of the rich eventually "Trickle Down" to the poor are really maxims regarding the nature of stochastic processes that underlay the income/wellbeing paths of groups of individuals. This paper looks at the implications for the...
Persistent link: https://www.econbiz.de/10009547375
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Boats and tides and "trickle down" theories : what economists presume about wellbeing when they employ stochastic process theory in modeling behavior
Anderson, Gordon - 2012
Aphorisms that “rising tides raise all boats” or that material advances of the rich eventually “trickle down” to the poor are really maxims regarding the nature of stochastic processes that underlay the income/wellbeing paths of groups of individuals. This paper looks at the implications...
Persistent link: https://www.econbiz.de/10009665370
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When fairness is not enough : the disproportionate contributions of the poor in a collective action problem
Malthouse, Eugene; Pilgrim, Charlie; Hills, Thomas; … - 2023
Many of our most pressing challenges, from combating climate change to dealing with pandemics, are collective action problems: situations in which individual and collective interests conflict with each other. In such situations people face a dilemma about making individually costly but...
Persistent link: https://www.econbiz.de/10014285827
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Conflicting Measures of Poverty and Inadequate Saving by the Poor – The Role of Status Driven Utility Function
Marjit, Sugata; Roy, Ranjan - Volkswirtschaftliche Fakultät, … - 2010
In presence of inequality a status driven utility function reconciles the conflict between income based and nutrition based measures of poverty. Moreover, it can explain why the poor tend to save less, an established empirical fact in the developing countries. The result is independent of the...
Persistent link: https://www.econbiz.de/10008765909
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Who got what, then and now? A fifty year overview from the Global Consumption and Income Project
Jayadev, Arjun; Lahoti, Rahul; Reddy, Sanjay G. - 2015
implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the …
Persistent link: https://www.econbiz.de/10010516222
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Who got what, then and now? : a fifty year overview from the Global Consumption and Income Project
Jayadev, Arjun; Lahoti, Rahul; Reddy, Sanjay - 2015 - This version: May 8, 2015
implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the …
Persistent link: https://www.econbiz.de/10010516605
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Multidimensional assessment of child welfare for Tanzania
Arndt, Channing; Leyaro, Vincent; Mahrt, Kristi; Tarp, Finn - 2016
We contribute to the literature on trends in living standards in Tanzania by analysing child welfare using two multi … in the middle. The methodologies also complement each other by providing upper and lower bounds on underlying welfare …
Persistent link: https://www.econbiz.de/10011484492
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Estimating multidimensional poverty in Zambia
Mahrt, Kristi; Masumbu, Gibson - 2015
In this paper, we apply the first-order dominance (FOD) approach to assessing multidimensional welfare to analyse … multidimensional poverty in Zambia in 1996, 2006, and 2010. In addition to evaluating welfare across time and space, we extend the … methodology to evaluate welfare by rural agricultural strata and urban housing cost areas. This modification allows a more …
Persistent link: https://www.econbiz.de/10011412515
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Measuring welfare, inequality and poverty with ordinal variables
Silber, Jacques; Yalonetzky, Gastón - 2021
addressing this challenge and providing methods for ethical poverty, welfare, and inequality comparisons with univariate ordered …
Persistent link: https://www.econbiz.de/10012650402
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Lives and livelihoods: estimates of the global mortality and poverty effects of the COVID-19 pandemic
Decerf, Benoit; Ferreira, Francisco H. G.; Mahler, … - 2020
This paper evaluates the global welfare consequences of increases in mortality and poverty generated by the Covid-19 … distributional characteristics. Using years of life as a welfare metric yields a single parameter that captures the underlying trade …-off between lives and livelihoods: how many PYs have the same welfare cost as one LY. Taking an agnostic view of this parameter …
Persistent link: https://www.econbiz.de/10012257792