Chapter

Poverty

Bernard Van Praag

in Happiness Quantified

Published in print December 2007 | ISBN: 9780199226146
Published online May 2008 | e-ISBN: 9780191718595 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199226146.003.0015
Poverty

Show Summary Details

Preview

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

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.