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We present a stochastic agent-based model for the distribution of personal incomes in a developing economy. We start with the assumption that incomes are determined both by individual labour and by st...
Household Surveys, Consumption, and the Measurement of Poverty
Household surveys consumption poverty
2014/3/17
Household surveys are playing an increasingly important role in the measurement of poverty and well-being around the world. The Living Standards Measurement
Study, which was begun in the World Bank u...
Standard methods of poverty measurement assume that an individual is poor if he or she lives in a family whose income or consumption lies below an appropriate poverty line. Such methods can provide on...