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Happiness QuantifiedA Satisfaction Calculus Approach$
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Bernard van Praag and Ada Ferrer-i-Carbonell

Print publication date: 2004

Print ISBN-13: 9780198286547

Published to Oxford Scholarship Online: January 2005

DOI: 10.1093/0198286546.001.0001

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(p.291) 15 Poverty
Happiness Quantified

Bernard Van Praag

Oxford University Press

This chapter explores the poverty phenomenon, distinguishing between the status of objective poverty and the subjective feeling of poverty. It is argued that defining objective poverty in terms of a minimum income or ‘basic needs’ runs the risk that some people who are officially declared to be ‘poor’ feel ‘non-poor’ and vice versa. A multidimensional poverty concept is presented, conforming to the approach to multidimensional inequality.

Keywords:   objective poverty, subjective poverty, poverty line, equivalence scales, poverty definitions, multidimensional poverty

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