Multidimensional poverty measurement with individual preferences View Full Text


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Article Info

DATE

2019-03-16

AUTHORS

Koen Decancq, Marc Fleurbaey, François Maniquet

ABSTRACT

We propose a new approach to multidimensional poverty measurement. To aggregate and weight the different dimensions of poverty, we rely on the preferences of the concerned individuals rather than on an arbitrary weighting scheme selected by the analyst. We provide an axiomatic characterization of an approach in which multidimensional poverty measures add up individual indices of poverty based on their multidimensional outcomes and their preferences. We discuss two families of these individual indices of poverty: quantity metrics and money metrics. Members of the first family evaluate individual poverty by the fraction of the poverty line vector to which the individual is indifferent. The second family considers the ratio between the income to which the individual is indifferent, for some fixed price vector, and the money value of the poverty line vector. We illustrate our approach with Russian survey data between 1995 and 2005. We find that, compared to standard poverty indices, our preference-sensitive indices lead to considerable differences in the identification of the poor. More... »

PAGES

1-21

References to SciGraph publications

  • 2008. The Information Basis of Multivariate Poverty Assessments in QUANTITATIVE APPROACHES TO MULTIDIMENSIONAL POVERTY MEASUREMENT
  • 2002-01. Multidimensional poverty indices in SOCIAL CHOICE AND WELFARE
  • 2008-01. Fair social orderings in ECONOMIC THEORY
  • 2011-06. Understandings and misunderstandings of multidimensional poverty measurement in THE JOURNAL OF ECONOMIC INEQUALITY
  • 2003-04. Multidimensional Deprivation: Contrasting Social Welfare and Counting Approaches in THE JOURNAL OF ECONOMIC INEQUALITY
  • 2018-08-17. Well-being measurement with non-classical goods in ECONOMIC THEORY
  • 2003-10. The impossibility of a Paretian egalitarian in SOCIAL CHOICE AND WELFARE
  • 2016-03. Beyond GDP: Using Equivalent Incomes to Measure Well-Being in Europe in SOCIAL INDICATORS RESEARCH
  • 2003-04. The Measurement of Multidimensional Poverty in THE JOURNAL OF ECONOMIC INEQUALITY
  • 2011-06. On multidimensional indices of poverty in THE JOURNAL OF ECONOMIC INEQUALITY
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    http://scigraph.springernature.com/pub.10.1007/s10888-019-09407-9

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