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Subjective Well-being Poverty versus Income Poverty and Capabilities (October 2005)

5th October 2005

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The conventional approach of economists to the measurement of poverty in poor countries is to use measures of income or consumption. This paper asks by the Development Policy Research Unit asks to what extent are these different concepts measurable, to what extent are they competing and to what extent complementary, and is it possible for them to be accommodated within an encompassing framework?
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