Poverty in Kathmandu: What do subjective and objective economic welfare concepts suggest? |
| |
Authors: | Udaya R. Wagle |
| |
Affiliation: | (1) School of Public Affairs and Administration, Western Michigan University, 1903 West Michigan Ave, Kalamazoo, MI 49008, USA |
| |
Abstract: | Conventional definitions suggest that the concept of economic welfare underpins poverty. Unsettled issues abound with respect to using subjective versus objective approaches, however. Using micro-level survey data, this paper explores subjective and objective concepts of economic welfare to identify characteristics of poverty in Kathmandu. While application of the subjective and objective concepts of economic welfare yields rather different characteristics, the former appears to be more comprehensive with ability to incorporate the latter in poverty measurement and analysis. This indicates that subjective assessments of households can provide a more realistic picture of poverty when used with actual income and consumption data. Although this paper does not seek to develop any particular poverty standard, it provides a useful framework for integrating subjective and objective approaches with a promise of more comprehensive poverty measurement outcomes. |
| |
Keywords: | consumption income Kathmandu poverty structural equation subjective views |
本文献已被 SpringerLink 等数据库收录! |
|