Poverty, Vulnerability, and Reference Dependent Utility

Isabel Günther and Johannes Maier

No wp-2013-140, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: In this paper we argue that the recent evidence on individuals' decision making is of high relevance for the measurement of poverty when switching from a static and certain to a dynamic and uncertain framework. The numerous proposed measures of multi-period poverty and vulnerability have until now not taken into account the insights from behavioural economics.

Keywords: Microeconomics; Poverty measurement; Uncertainty; Welfare economics (search for similar items in EconPapers)
Date: 2013
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Journal Article: Poverty, Vulnerability, and Reference-Dependent Utility (2014)
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