Poverty Measurement Under Risk Aversion Using Panel Data

This paper shows how to take into account risk aversion when measuring poverty under income variability. An application to British panel data suggests that income and poverty comparisons between the self-employed and other groups of households are sensitive to assumptions on the degree of risk aversion. The results point to the importance of panel data in order to account for risk aversion and income variability in the measurement of poverty.

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Year of publication:	2003
Authors:	MAKDISSI, Paul ; WODON, Quentin ; Cruces, Guillermo
Institutions:	Département d'économique, Faculté d'administration
Subject:	Poverty \| Risk \| Self-employment \| Panel data

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Extent:	application/pdf
Series:	Cahiers de recherche.
Type of publication:	Book / Working Paper
Notes:	24 pages
Classification:	I32 - Measurement and Analysis of Poverty ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005196856