Poverty and Welfare Measurement on the Basis of Prospect Theory

Jäntti, Markus, Kanbur, Ravi, Nyyssölä, Milla and Pirttilä, Jukka (2012). Poverty and Welfare Measurement on the Basis of Prospect Theory. UNU-WIDER.

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  • Sub-type Working paper
    Author Jäntti, Markus
    Kanbur, Ravi
    Nyyssölä, Milla
    Pirttilä, Jukka
    Title Poverty and Welfare Measurement on the Basis of Prospect Theory
    Volume/Issue No. 2012/109
    Publication Date 2012
    Place of Publication Helsinki
    Publisher UNU-WIDER
    Pages 35
    Language eng
    Abstract

    This paper examines the measurement of social welfare, poverty and inequality taking into account features that have been found to be important welfare determinants in behavioural economics. Most notably, we incorporate reference-dependence, loss aversion

    UNU Topics of Focus Poverty
    Keyword Equality and inequality
    Poverty
    Welfare economics
    Copyright Holder UNU-WIDER
    Copyright Year 2012
    Copyright type Fair use permitted
    ISSN 17987237
    ISBN 9789292305758
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    Created: Fri, 12 Feb 2016, 17:16:07 JST