Subjective Well-being Poverty versus Income Poverty and Capabilities Poverty?

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2005-07

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University of Cape Town


Development Policy Research Unit


University of Cape Town

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Development and Poverty Research Unit Working Paper Development Policy Research Unit Working Paper 05/096

Abstract
The conventional approach of economists to the measurement of poverty in poor countries is to use measures of income or consumption. This paper 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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