Multidimensional poverty measurement and preferences

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Résumé

Poverty measurement based on income or consumption fails to be consistent with welfare: a higher utility (that is, preference satisfaction) of an individual may go together with an increase in the contribution of this individual to poverty. The equivalence approach, which consists of computing the money needed to maintain a given level of utility, is the way to adjust income poverty measurement so that it becomes consistent with welfare. We review four equivalence approaches, and we compare the properties that each approach satisfies or fails to satisfy. Poverty measurement based on deprivation measures, on the other hand, cannot be adjusted to become consistent with welfare. We discuss how weights and deprivation thresholds can be designed to decrease the discrepancy between poverty and welfare in deprivation measures.
langue originaleAnglais
titreResearch Handbook on Measuring Poverty and Deprivation
rédacteurs en chefJacques Silber
EditeurEdward Elgar Publishing
Chapitre37
Pages401-409
Nombre de pages9
ISBN (Electronique)9781800883451
ISBN (imprimé)9781800883444
Les DOIs
étatPublié - 17 mars 2023

Série de publications

NomElgar Handbooks in Development
EditeurEdward Elgar

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