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

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.

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Year of publication:	2010-10
Authors:	Marjit, Sugata ; Roy, Ranjan
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Inequality \| Inter-temporal consumer choice \| Utility \| Poverty

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D11 - Consumer Economics: Theory ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; I3 - Welfare and Poverty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008765909