Conflicting Measures of Poverty and Inadequate Saving by the Poor â€“ The Role of Status Driven Utility Function

In 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:	2011
Authors:	Marjit, Sugata
Institutions:	School of Economics, University of Queensland

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Extent:	application/pdf
Series:	Discussion Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 424
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011161290