Conflicting Measures of Poverty and Inadequate Saving by the Poor

Sugata Marjit

No wp-2012-058, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: 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.

Keywords: Consumption; Equality and inequality; Poverty (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (6)

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