TY  - BOOK
AU  - Deutsch,Joseph
AU  - Silber,Jacques
TI  - Hierarchy of needs and the measurement of poverty and standards of living
T2  - Cambridge elements. Elements in development economics,
SN  - 9781009358200 (ebook)
AV  - HB523 .D48 2024
U1  - 339.2 23
PY  - 2024///
CY  - Cambridge
PB  - Cambridge University Press
KW  - Income distribution
KW  - Consumer behavior
KW  - Poverty
N1  - Title from publisher's bibliographic system (viewed on 12 Feb 2024); Open Access
N2  - 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
UR  - https://doi.org/10.1017/9781009358200
ER  -