Subjective well-being and basic needs: Evidence from rural Guatemala

Jorge Guardiola () and Teresa M. García-Muñoz ()
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Jorge Guardiola: Department of Applied Economics, University of Granada.

No 09/03, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.

Abstract: This paper deals with basic needs fulfillment interpreted in a subjective way. We develop a framework in which the basic needs of households in developing areas are valued from a subjective point of view. We estimate how certain indicators and assets influence basic needs perception. We compare income and perceived basic needs poverty measures, finding that they mismatch. We conclude that income-based approaches should be complemented with other indicators such as subjective satisfaction measures to understand development and measure poverty.

Keywords: Subjective well-being; basic needs; poverty; Guatemala; Highlands. (search for similar items in EconPapers)
JEL-codes: I31 I32 O13 O18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev, nep-hap and nep-lam
Date: 2009-02-15
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Persistent link: http://EconPapers.repec.org/RePEc:gra:wpaper:09/03

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