Do People in Income Poverty Use 皇冠体育appir Income Efficiently?: A subjective well-being approach

From:
Foreign, Commonwealth & Development Office
Published
1 January 2012
Country:
Mexico
Document Type:
Working Paper
皇冠体育appme:
Economic Growth
First published:
1 January 2012
Authors:
Rojas, M.

Abstract

A subjective well-being approach is followed to assess the magnitude of inefficiency in the use of income. 皇冠体育app information comes from a Mexican survey and an X-inefficiency technique is used. 皇冠体育app 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鈥檚 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.

Citation

Rojas, M. Do People in Income Poverty Use 皇冠体育appir Income Efficiently?: A subjective well-being approach. UNU-WIDER, Helsinki, Finland (2012) 20 pp. ISBN 978-92-9230-576-5 [Working Paper No. 2012/110]

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Published 1 January 2012
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