Conflicting Measures of Poverty and Inadequate Saving by the Poor – The Role of Status Driven Utility Function

Sugata Marjit and Ranjan Roy

MPRA Paper from University Library of Munich, Germany

Abstract: In 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: Inequality; Inter-temporal consumer choice; Utility; Poverty (search for similar items in EconPapers)
JEL-codes: D11 D63 D91 I3 (search for similar items in EconPapers)
Date: 2010-10
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Related works:
Working Paper: Conflicting Measures of Poverty and Inadequate Saving by the Poor – The Role of Status Driven Utility Function (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27472

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