Bernard Van Praag

in Happiness Quantified

Published in print December 2007 | ISBN: 9780199226146
Published online May 2008 | e-ISBN: 9780191718595 | DOI:

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This chapter explores the poverty phenomenon, distinguishing between the status of objective poverty and the subjective feeling of poverty. It is argued that defining objective poverty in terms of a minimum income or ‘basic needs’ runs the risk that some people who are officially declared to be ‘poor’ do not actually feel poor and vice versa.

Keywords: objective poverty; subjective poverty; poverty line; equivalence scales; poverty definitions

Chapter.  11392 words.  Illustrated.

Subjects: Economics

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