There is growing support for the idea that global income poverty should be assessed with a measure accounting for both own income and relative income. The trade-off that such a measure makes between own income and relative income is the key question. Non-paternalism requires that this trade-off...

Das Konzept der Verwirklichungschancen (Capabilities) des Ökonomienobelpreisträgers Amartya Sen bildet eine neue Grundlage der deutschen Armuts- und Reichtumsberichterstattung. Dieser Sammelband zum Capability-Ansatz diskutiert konzeptionelle Grundlagen sowie mögliche Anwendungen auf Armuts-...

Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is substantial and systematic: the poorer a country, the more its...

Price-adjusted data on national incomes applied in cross-country comparisons are measured with bias. By studying micro data, this paper finds that the bias is systematic: the poorer a country is, the more its income tends to be overestimated. Consequently, international income inequalities are...