Arbeitspapier

Do people in income poverty use their income efficiently? A subjective well-being approach

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A subjective well-being approach is followed to assess the magnitude of inefficiency in the use of income. The information comes from a Mexican survey and an X-inefficiency technique is used. The paper shows that there exists substantial inefficiency in the use of income at all income levels, even for those in income poverty. It is shown that inefficiency is significantly related to practices, attitudes, and motivations for consuming. Economic theory has focused on rising people's income to increase their economic well-being; this paper shows that reducing inefficiency in the use of income is an alternative instrument which deserves further consideration.

ISBN
978-92-9230-575-8
Sprache
Englisch

Erschienen in
Series: WIDER Working Paper ; No. 2012/110

Klassifikation
Wirtschaft
Consumer Economics: Theory
Consumer Economics: Empirical Analysis
Household Production and Intrahousehold Allocation
Allocative Efficiency; Cost-Benefit Analysis
General Welfare; Well-Being
Thema
subjective well-being
economic satisfaction
X-inefficiency
income poverty
Mexico
Armut
Zufriedenheit
X-Effizienz
Mexiko

Ereignis
Geistige Schöpfung
(wer)
Rojas, Mariano
Ereignis
Veröffentlichung
(wer)
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
(wo)
Helsinki
(wann)
2012

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Original beim Datenpartner anzeigen

Objekttyp

  • Arbeitspapier

Beteiligte

  • Rojas, Mariano
  • The United Nations University World Institute for Development Economics Research (UNU-WIDER)

Entstanden

  • 2012

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