Multidimensional Indices of Achievements and Poverty: What Do We Gain and What and What Do We Lose?
Nora Lustig ()
Working Papers from eSocialSciences
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 3 papers are summarized and contrasted that respond to these questions in strikingly different ways. The papers are â€œThe HDI 2010: New Controversies, Old Critiquesâ€ by Jeni Klugman, Francisco RodrÃguez and Hyung-Jin Choi; â€œUnderstandings and Misunderstandings of Multidimensional Poverty Measurementâ€ by Sabina Alkire and James Foster; and â€œOn Multidimensional Indices of Povertyâ€ by Martin Ravallion. [Working Paper No. 262]. URL:[http://www.cgdev.org/content/publications/detail/1425366].
Keywords: poverty; HDI; poverty measurement; multidimensional poverty; deprivation; axioms; Human Development Index; capabilities; substitutability; trade-offs; welfare; country classifications; well-being; income; globalization; poor; Gross National Income replaces; GDP; per capita; social welfare function (search for similar items in EconPapers)
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