Jorge Guardiola () (Department of Applied Economics, University of Granada.) Teresa Garcia-Muñoz () (Department of Quantitative Methods fo Economics and Management, University of Granada.)
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This paper deals with basic needs fulfillment interpreted in a subjective way. We develop a framework in which the basic needs of households in developing areas are valued from a subjective point of view. We estimate how certain indicators and assets influence basic needs perception. We compare income and perceived basic needs poverty measures, finding that they mismatch. We conclude that income-based approaches should be complemented with other indicators such as subjective satisfaction measures to understand development and measure poverty.
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Paper provided by Department of Economic Theory and Economic History of the University of Granada. in its series ThE Papers with number
09/03.
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