Multidimensional Indices of Achievements and Poverty: What Do We Gain and What Do We Lose? - Working Paper 262
Nora Lustig ()
No 262, Working Papers from Center for Global Development
Poverty and well-being are multidimensional. Nobody questions that deprivations and achievements go beyond income. There is, however, sharp disagreement on whether the various dimensions of poverty and well-being can be aggregated into a single, multidimensional index in a meaningful way. Is aggregating dimensions of poverty and well-being useful? Is it sensible? Here CGD non-resident fellow Nora Lustig summarizes and contrasts three key papers that respond to these questions in strikingly different ways. At the bottom of the discussion is a fundamental disagreement on the “legitimacy” of the weights used to aggregate dimensions of well-being. Future research will need to focus on how to identify weights in ways that are consistent 1) with welfare economics and 2) with theories of justice. Will we have to choose between the two?
Keywords: poverty measurement; multidimensional poverty; deprivation; axioms; Human Development Index; capabilities; substitutability; trade-offs; welfare; country classifications (search for similar items in EconPapers)
JEL-codes: D63 I32 I38 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cgd:wpaper:262
Access Statistics for this paper
More papers in Working Papers from Center for Global Development Contact information at EDIRC.
Bibliographic data for series maintained by Publications Manager ().