Economic Well-being and Non-economic Well-being: A Review of the Meaning and Measurement of Poverty

Andy Sumner

No RP2004-30, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper discusses the measurement of poverty and well-being. A historical overview is given of the last fifty years. This is followed by discussion of three groupings of indicators: those measures based primarily on economic well-being; those based on non-economic well-being and composite indicators. It is argued that the choice of indicator should reflect its purpose and that economic measures are best when quick, rough-and-ready, short run, aggregate inferences are required.

Keywords: Equality and inequality; Poverty measurement; Poverty (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (9)

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