CONTRUCTING A BROADER MEASURE OF WELFARE INCORPORATING THE ACCESS TO PUBLIC GOODS

Felipe Diniz

Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] from ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics]

Abstract: This paper attempts to construct a broader measure of welfare that takes in account the access people have to some public goods. If the data on household access to public goods and private assets is assumed to be the result of a maximization problem, a latent indirect utility level may be estimated by some factor model. In this paper the individual measure of welfare is constructed using Principal Component Analysis (PCA) in the ownership of private assets and the existence of public goods in the neighborhood the agent lives in. The resulting welfare distributions are used in different analysis: Calculate the treatment effect of having access to certain public goods; investigate the effects of public goods in poverty and inequality alleviation; development of an algorithm to locate public goods in order to maximize some social welfare function.

JEL-codes: H41 I31 I38 (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:anp:en2005:045

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