Hierarchy of Needs and the Measurement of Poverty and Standards of Living
Author:   Joseph Deutsch (Bar-Ilan University and Ashkelon Academic College) ,  Jacques Silber (Bar-Ilan University)
Publisher:   Cambridge University Press
ISBN:  

9781009358170


Pages:   102
Publication Date:   22 February 2024
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Hierarchy of Needs and the Measurement of Poverty and Standards of Living


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Overview

The focus of this Element is on the idea that choice is hierarchical so that there exists an order of acquisition of durable goods and assets as real incomes increase. Two main approaches to deriving such an order are presented, the so-called Paroush approach and Item Response Theory. An empirical illustration follows, based on the 2019 Eurobarometer Survey. The Element ends with two sections showing first how measures of inequality, poverty and welfare may be derived from such an order of acquisition, second that there is also an order of curtailment of expenditures when individuals face financial difficulties. This title is also available as Open Access on Cambridge Core.

Full Product Details

Author:   Joseph Deutsch (Bar-Ilan University and Ashkelon Academic College) ,  Jacques Silber (Bar-Ilan University)
Publisher:   Cambridge University Press
Imprint:   Cambridge University Press
Weight:   0.161kg
ISBN:  

9781009358170


ISBN 10:   1009358170
Pages:   102
Publication Date:   22 February 2024
Audience:   College/higher education ,  Undergraduate
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

1. Introduction; 2. Economics and Hierarchical Choice; 3. Deriving the order of acquisition of durable goods and assets: methodologies; 4. Deriving the order of acquisition of durable goods and assets: empirical illustrations; 5. The order of acquisition of durable goods and assets and the measurement of inequality, poverty, and welfare; 6. On the order of curtailment of expenditures; 7. Concluding comments.

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