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Durable goods and poverty measurement

Author: Nicola Amendola; Giovanni Vecchi; World Bank. Poverty Global Practice Group.
Publisher: [Washington, D.C.] : World Bank, ©2014.
Series: Policy research working papers, 7105.
Edition/Format:   eBook : Document : International government publication : English
Summary:
The paper focuses on durable goods and their role in the measurement of living standards. The paper reviews the theoretical underpinnings of the methods available to estimate the value of the services flowing from consumer durable goods. It also provides a unified framework that encompasses the acquisition approach, the rental equivalent approach, and the user cost approach. The pros and cons of each method are  Read more...
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Details

Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Nicola Amendola; Giovanni Vecchi; World Bank. Poverty Global Practice Group.
OCLC Number: 896151839
Notes: "November 2014."
"World Bank Group, Poverty Global Practice Group."
Description: 1 online resource (40 pages) : color illustrations.
Series Title: Policy research working papers, 7105.
Responsibility: Nicola Amendola and Giovanni Vecchi.

Abstract:

The paper focuses on durable goods and their role in the measurement of living standards. The paper reviews the theoretical underpinnings of the methods available to estimate the value of the services flowing from consumer durable goods. It also provides a unified framework that encompasses the acquisition approach, the rental equivalent approach, and the user cost approach. The pros and cons of each method are discussed in the context of poverty and inequality analysis and it is argued that the user cost should receive the highest consideration.

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