Handbook of Research on Economic and Social Well-Being
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Handbook of Research on Economic and Social Well-Being

Edited by Conchita D’Ambrosio

The past decade has been characterized by a burgeoning interest in new concepts of individual and social well-being. The impetus for this new research has stemmed from increased demand from policy makers and civil society for measures of progress that go beyond the traditional measures of GDP, as well as improved datasets allowing individuals and households to be tracked over their life course. The aim of this Handbook is to chart these developments and provide extensive surveys of many of the recent themes that have emerged in the research literature. Some of the topics addressed include poverty. relative deprivation and satisfaction, economic insecurity, social exclusion and inequality, income and social polarization, and social fractionalization and diversity. Each topic is first analyzed from a theoretical perspective, followed by detailed empirical discussion.
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Chapter 5: Multidimensional poverty and material deprivation: theoretical approaches

Satya R. Chakravarty and Nachiketa Chattopadhyay

Abstract

Poverty alleviation still occupies a top position in many countries’ economic and political agendas. Although income has a central role in defining poverty and well-being, poverty should, more generally, be framed as a multidimensional phenomenon. Examples of these dimensions are housing, literacy and life expectancy. The scope of this chapter is to present a discussion on the axiomatic approach to the measurement of multidimensional poverty and material deprivation, where the former should encompass all dimensions of well-being, while the latter concerns only the functioning failures related to material living conditions. The chapter ends with a discussion of the main indices proposed in the literature on the measurement of these phenomena.

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