This paper examines the measurement of social welfare, poverty and inequality taking into account features that have been found to be important welfare determinants in behavioural economics. Most notably, we incorporate reference-dependence, loss aversion and diminishing sensitivity - aspects...

This paper examines the measurement of social welfare, poverty and inequality taking into account reference-dependence, loss aversion and diminishing sensitivity - aspects emphasized in Prospect Theory - to social welfare measurement. We suggest a new notion of equivalent income, the income...

Private consumption capabilities form only one facet of comprehensive living standards assessments, but they are an important facet whose measurement should be done well. Measurement is complex due to a multitude of methodological choices, which often interact with imperfect data and a desire...

This paper focusses on the theoretical and computational framework in order to estimate the impact of economic growth or that of the change in inequality on poverty. During the last few years, there was a growing interest to perform such estimations and to anticipate the implication of some...

This paper explores the role social network capital might play in facilitating poor agents' escape from poverty traps. We model and simulate endogenous network formation among households heterogeneously endowed with both traditional and social network capital who make investment and technology...

Anti-poverty policies often aim to reach poor individuals by targeting poor households. However, intra-household inequality may mean many poor individuals reside in non-poor households. Using Bangladeshi data, we first show that undernourished individuals are spread across the household...

We analyse the effect of civil war on household welfare. Using Burundian panel data for the 1998-2007 period in which we re-interviewed original as well as newly formed households (split-offs), we show that headcount poverty decreased by 3.5 % points when split-off households are taken into...

Poor people are trapped in a vicious cycle of intergenerational poverty. This study critically reviews existing literature to explore why long-lasting poverty exists despite various initiatives taken by national and international development organizations (NGOs), charity organizations, and...

The increasing growth of forced displacement worldwide has led to the stronger interest of various stakeholders in measuring poverty among refugee populations. However, refugee data remain scarce, particularly in relation to the measurement of income, consumption, or expenditure. This paper...

Few economic indicators have more salience and pervasive financial impact on everyday lives in the United States than poverty measures. Nevertheless, policymakers, researchers, advocates, and legislators generally do not understand the details of poverty measure mechanics. These detailed...