Durable Goods and Poverty Measurement

• Tác giả: Nicola Amendola
• Ngôn ngữ: eng
• Ký hiệu phân loại: 362.57 Measures to prevent, protect against, limit effects of poverty
• Thông tin xuất bản: World Bank Group, Washington, DC, 2014
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 319786
• Chủ đề: 1. ACCOUNTING; 2. ADVERSE SELECTION; 3. AFFILIATED ORGANIZATIONS; 4. ALTERNATIVE USE; 5. ARBITRAGE

Tóm tắt

The paper focuses on durable goods and their role in the measurement of living standards. The paper reviews the theoretical underpinnings of the methods available to estimate the value of the services flowing from consumer durable goods. It also provides a unified framework that encompasses the acquisition approach, the rental equivalent approach, and the user cost approach. The pros and cons of each method are discussed in the context of poverty and inequality analysis and it is argued that the user cost should receive the highest consideration.