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 9: Poverty over time: theoretical approaches

Michael Hoy and Buhong Zheng

Abstract

Historically, the measurement of poverty has been based on a set of key axioms but limited to a static framework. Features such as multidimensionality and the time factor have only recently been incorporated into poverty measurement. Several alternative approaches have been proposed. This chapter presents a review of the literature that proposes how to conceptualize or develop specific measures of inter-temporal or lifetime poverty, addressing measurement issues, alternative perspectives on frequency, and concerns about data availability. Reflecting this budding literature, the chapter presents alternative axioms that have been proposed to capture the various approaches to inter-temporal or lifetime poverty. A variety of combinations and alternative formulations of these axioms is considered. Concluding remarks underline the need for further research and focus on the role of empirical analysis in shedding light on issues such as mitigation and chronic poverty.

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