Being poor, feeling poorer: Combining objective and subjective measures of welfare in Albania
AbstractIn this paper we investigate how combining objective and subjective measures of welfare can enrich traditional poverty profiles by exploring the relationship between these welfare measures, and examining what explains the differences between the two. One important finding of our analysis (using data for Albania) is that reconciling subjective and objective poverty profiles suggests the presence of sizable economies of scale. This result calls for increased attention to the proper estimation of a scale parameter for poverty analysis, as changes in assumptions on economies of size and adult equivalence scales are likely to produce significant changes in the analysis of poverty and its distribution across households and individuals.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Development Studies.
Volume (Year): 42 (2006)
Issue (Month): 5 ()
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Other versions of this item:
- Gero Carletto & Alberto Zezza, 2004. "Being Poor, Feeling Poorer: Combining objective and subjective measures of welfare in Albania," Working Papers 04-12, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
- D60 - Microeconomics - - Welfare Economics - - - General
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