Poverty is a complex issue involving multiple aspects of deprivation, of which the lack of goods and services is only one. There is, however, consensus on the importance of using a consumption aggregate as a summary measure of living standards. Despite the widespread use of consumption aggregates, there are few guidelines on how to construct consumption aggregates from survey data.This book presents a review of the theoretical framework fundamental to the use of the consumption aggregate as a welfare measure. It offers some practical guidelines and outlines a three-part procedure for constructing a consumption-based measure of individual welfare. This book contains examples based on survey data from Ghana, Vietnam, Nepal, the Kyrgyz Republic, Ecuador, South Africa, Panama, and Brazil.

Guidelines for Constructing Consumption Aggregates for Welfare Analysis (LSMS WORKING PAPER)

Business & Money

Deaton, Angus

Zaidi, Salman

Economics

World Bank

Directrices Para Construir Agregados De Consumo Para Analizar El Bienestar (Spanish Edition)

Deaton, Angus S.

Developing East Asia and Pacific has led the way in showing how rapid and broadly shared growth can lift millions out of poverty. As this book shows, the region has achieved even more: the wave of prosperity across the region since the 1980s has lifted three out of five of its citizens into economic security, where their risk of falling into poverty is minimal. And a solid middle class has emerged in most countries.These successes, however, do not guarantee that inclusive growth--growth that reduces poverty and delivers upward mobility and economic security for all―is ensured. The region has become more diverse, with progress varying across countries and extreme poverty increasingly concentrated among specific groups. Roughly one-fifth of the region's population remains at risk of falling into poverty, and prospects for upward mobility are increasingly elusive across the income distribution, reflecting a growing concentration of income and wealth and limited access to basic social services. Challenges old and new, including rapid aging and less certain growth prospects, are also increasing the premium on economic security for all.Riding the Wave is about how countries across the region can effectively confront these challenges and achieve inclusive growth.

Riding the Wave: An East Asian Miracle for the 21st Century (World Bank East Asia and Pacific Regional Report)

Ruggeri Laderchi, Caterina

Spatafora, Nikola

Shetty, Sudhir

World Bank Publications

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