Conflicting measures of poverty and inadequate saving by the poor: The role of status-driven utility function

In the presence of inequality a status-driven utility function reconciles the conflict between income-based and nutrition-based measures of poverty. Moreover, it can explain why the poor tend to save less, an established empirical fact in the developing countries. The result is independent of the assumption of imperfect capital market. The paper attempts to integrate various strands of literature on status effects.

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Year of publication:	2012
Authors:	Marjit, Sugata
Publisher:	Helsinki : The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Subject:	Einkommensverteilung \| Armut \| Sparen \| Nutzenfunktion \| Zeitpräferenz \| inequality \| inter-temporal consumer choice \| utility \| poverty

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Series:	WIDER Working Paper ; 2012/58
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
ISBN:	978-92-9230-521-5
Other identifiers:	717431576 [GVK] hdl:10419/80978 [Handle] RePEc:unu:wpaper:WP2012-058 [RePEc]
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; D11 - Consumer Economics: Theory ; I3 - Welfare and Poverty
Source:	EconStor

Persistent link: https://www.econbiz.de/10010319857