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Happiness QuantifiedA Satisfaction Calculus Approach$
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Bernard M. S. van Praag and Ada Ferrer-i-Carbonell

Print publication date: 2007

Print ISBN-13: 9780199226146

Published to Oxford Scholarship Online: May 2008

DOI: 10.1093/acprof:oso/9780199226146.001.0001

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Poverty

Poverty

Chapter:
(p.294) 15 Poverty
Source:
Happiness Quantified
Author(s):

Bernard Van Praag

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199226146.003.0015

This chapter explores the poverty phenomenon, distinguishing between the status of objective poverty and the subjective feeling of poverty. It is argued that defining objective poverty in terms of a minimum income or ‘basic needs’ runs the risk that some people who are officially declared to be ‘poor’ do not actually feel poor and vice versa.

Keywords:   objective poverty, subjective poverty, poverty line, equivalence scales, poverty definitions

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