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Guidelines for Constructing Consumption Aggregates for Welfare Analysis

2002-01-01 Business & Economics
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Release : 2002-01-01
Genre : Business & Economics
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Book Synopsis Guidelines for Constructing Consumption Aggregates for Welfare Analysis by : Angus Deaton

Download or read book Guidelines for Constructing Consumption Aggregates for Welfare Analysis written by Angus Deaton. This book was released on 2002-01-01. Available in PDF, EPUB and Kindle. Book excerpt: In September 2001, staff from the World Bank and the International Monetary Fund met with the objective of strengthening collaboration between the two organizations in projects of civil service reform. This strengthened collaboration will have key benefits in ensuring consistency between the conflicting goals of the two organizations, establishing realistic objectives within the reform process, and maintaining a core set of wage and employment data. The principal conclusion arrived at was that World Bank and IMF staff should be engaging in collaboration earlier in the reform process. To guide the collaboration, six foundations were identified. These include: develop a medium-term fiscal framework; foster national ownership by making reforms politically feasible; focus and streamline conditionality; agree on sequencing and timing of reforms; and strengthen data collection. These principals will be tested for effectiveness in several focus countries.

Construction of a Consumption Aggregate Based on Information from POF 2008-2009 and Its Use in the Measurement of Welfare, Poverty, Inequality and Vulnerability of Families

2016
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Release : 2016
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Book Synopsis Construction of a Consumption Aggregate Based on Information from POF 2008-2009 and Its Use in the Measurement of Welfare, Poverty, Inequality and Vulnerability of Families by : Leonardo Oliveira

Download or read book Construction of a Consumption Aggregate Based on Information from POF 2008-2009 and Its Use in the Measurement of Welfare, Poverty, Inequality and Vulnerability of Families written by Leonardo Oliveira. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: Given the complexity of family and individual welfare, this study aims to explain the construction of a family consumption aggregate, using data from Brazilian Family Expenditure Survey (2008-2009), and also to measure and analyze welfare, poverty, inequality and vulnerability. Following the literature, some aspects were considered: the selection of expenditures, the analysis of extreme values, the imputation of food consumption, the user cost of durable goods and a spatial price deflator. After the definition of the family consumption aggregate, we analyzed the Generalized Lorenz Curves, social welfare functions and inequality measures. Then we presented the sensitivity of the identification exercise to different poverty lines and analyzed the severity of poverty. Finally, based on Chaudhuri et al. (2002) and Elbers et al. (2002), the vulnerability to poverty was studied taking account of area (clusters) effects. In this last exercise, the poverty line was based on half the minimum wage in 2008.

The Behavioral and Welfare Analysis of Consumption

2013-06-29 Business & Economics
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Release : 2013-06-29
Genre : Business & Economics
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Book Rating : 297/5 ( reviews)

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Book Synopsis The Behavioral and Welfare Analysis of Consumption by : Federico Perali

Download or read book The Behavioral and Welfare Analysis of Consumption written by Federico Perali. This book was released on 2013-06-29. Available in PDF, EPUB and Kindle. Book excerpt: The motive force of human activity that propels the stream of progress is here caught at its source, in its most modest, material expressions. The mechanism of the passions acting as determinant in these low spheres is less complex and can therefore be observed with greater precision. All one need do is leave the picture its clear, calm colors and its simple design. Gradually, as that search for material well-being by which man is tormented grows and expand, it also tends to rise and pursue an ascendant course thorough the social classes. In 'I Malavoglia' it is still only the struggle for material needs. Once these needs are satisfied, the search turns into greed for riches and will be embedded in a bourgeois type . . . Giovanni Verga, from the Introduction to The House by the Medlar Tree (I Malavoglia) Motivation In the past decade, many less developed countries have undertaken structural adjustment programs with the hope of breaking the vicious circle of the depression that enveloped them during the 1980s and of loosening the suffocating grip of the debt crisis. Nearly always, macroeconomic stabilization implies a reduction of public spending and, consequently, a reduction of subsidies on wage goods and food production. Other macro policies, such as tariff elimination and exchange rates alignment, alter relative prices and may have significant effects on the level and distribution of income. Today, poverty and inequality are perceived as economic threats as a result of globalization and unbalanced market expansion.

assessing asset indices

2008 Affiliated organizations
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Release : 2008
Genre : Affiliated organizations
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Book Synopsis assessing asset indices by : Deon Filmer

Download or read book assessing asset indices written by Deon Filmer. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: This paper compares how results using various methods to construct asset indices match results using per capita expenditures. The analysis shows that inferences about inequalities in education, health care use, fertility, child mortality, as well as labor market outcomes are quite robust to the specific economic status measure used. The measures-most significantly per capita expenditures versus the class of asset indices-do not, however, yield identical household rankings. Two factors stand out in predicting the degree of congruence in rankings between per capita expenditures and an asset index. First is the extent to which per capita expenditures can be explained by observed household and community characteristics. In settings with small transitory shocks to expenditure, or with little measurement error in expenditure, the rankings yielded by the alternative approaches are most similar. Second is the extent to which expenditures are dominated by individually consumed goods such as food. Asset indices are typically derived from indicators of goods which are effectively public at the household level, while expenditures are often dominated by food, an almost exclusively private good. In settings where private goods such as food are the main component of expenditures, asset indices and per capita consumption yield the least similar results, although adjusting for economies of scale in household expenditures reconciles the results somewhat.

The Economics of Poverty

2016 Business & Economics
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Release : 2016
Genre : Business & Economics
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Book Rating : 772/5 ( reviews)

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Book Synopsis The Economics of Poverty by : Martin Ravallion

Download or read book The Economics of Poverty written by Martin Ravallion. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: "An overview of the economic development of and policies intended to combat poverty around the world"--Provided by publisher.

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