Non-cash benefits can have substantial effects on the distribution of economic welfare. Standard approaches to the inclusion of non-cash benefits in broader measures of resources have failed to take adequate account of the pattern of needs associated with the greater use of health and education...

This paper shows how distance functions, a tool typically employed in production economics to measure the distance between a set of inputs and a set of outputs, can be employed to approximate a composite measure encompassing the many dimensions of well-being. It also illustrates how to implement...

Imputed rental income of homeowners is tax exempt in most countries, despite the long-standing arguments recommending its inclusion in the tax base, on both equity and efficiency grounds. The current fiscal crisis revived interest towards this form of taxation. The paper investigates the fiscal...

Imputed rental income of homeowners is tax exempt in most countries, despite the long-standing arguments recommending its inclusion in the tax base, on both equity and efficiency grounds. The current fiscal crisis revived interest towards this form of taxation. The paper investigates the fiscal...

A broad consensus among the academic, and other national and international institutions is that poverty cannot be measured and simply defined by the lack of monetary resources, but it is a combination of a range of non-monetary factors. These factors may act as constraints on individuals'...

Poverty has been ongoing for many years and still continues to exist in almost all countries around the globe. The objective of alleviating poverty in many nations therefore, remains a significant issue. To comprehend the risks posed by the issue of poverty, its dimension and the process by...

In a choice model of risky assets the role of risk aversion is analyzed. The measure of risk preference comes from a direct subjective survey question and it is considered as an imperfect information about the true risk attitude of investors. Misclassification between the true and the observed...

This paper generates multidimensional poverty profiles for women and children over a ten-year period from 1993 to 2003. Data from the national Demographic and Health Survey are used to improve measurement of poverty in Kenya in four ways: First, the paper constructs a composite wealth index...

In this paper the Markov model has been used to analyze poverty dynamics in Benin. Assuming that the observed successive changes in well-being classes at the household level could be considered as a Markov chain, the first-step-analysis method is used to derive several indicators to measure the...

Non-cash benefits can have substantial effects on the distribution of economic welfare. Standard approaches to the inclusion of non-cash benefits in broader measures of resources have failed to take adequate account of the pattern of needs associated with the greater use of health and education...