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The joint implications for welfare measurement of three recent literatures are considered: the behavioral welfare … problems. More generally, estimation of sufficient statistics requires theory-based reduced form econometrics. Sufficient … statistics are further suggested for general equilibrium welfare measurement. Under certain assumptions about endogenous …
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This paper explores the feasibility of calculating absolute poverty lines on the basis of minimum food expenditures in developed countries. It makes three important contributions. First, it demonstrates that standard statistical methods used in the developing world deliver either inadequate...
Persistent link: https://www.econbiz.de/10013186790
We provide a method to measure welfare, in money-metric terms, taking into account expectations about the future. Our two key assumptions are that (1) the expenditure function is separable between the present and the future, and (2) there are some households that do not face idiosyncratic...
Persistent link: https://www.econbiz.de/10014576596
This paper applies an innovative method to estimate poverty in India in the absence of recent expenditure data. The method utilizes expenditure data from 2004-05, 2009-10, and 2011-12 to impute household expenditure into a survey of durable goods expenditure conducted in 2014-15. At the $1.90...
Persistent link: https://www.econbiz.de/10012865502
This paper applies an innovative method to estimate poverty in India in the absence of recent expenditure data. The method utilizes expenditure data from 2004-05, 2009-10, and 2011-12 to impute household expenditure into a survey of durable goods expenditure conducted in 2014-15. At the USD 1.90...
Persistent link: https://www.econbiz.de/10012051871
We offer a review of methods that have been employed to provide poverty estimates of poverty in contexts where household consumption data are unavailable or missing. These contexts range from completely missing and partially missing consumption data in cross sectional household surveys, to...
Persistent link: https://www.econbiz.de/10012130667