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This paper compares a standard expenditure-based poverty measure with a specifically created composite measure of deprivation using household survey data from South Africa while there is a strong overall correlation between expenditures and levels of deprivation, the correlation is much weaker...
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Book reviewed in this article: Copyright 2003 by the International Association for Research in Income and Wealth.
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In order to improve on the income growth rate as an indicator of changes in well-being, four composite indices of growth and income distribution are introduced and compared. When applied to the United States postwar economic performance, these indicators significantly revise upward the welfare...
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