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020 _a9783540261988
082 _a330.155 KUK
100 _a"Kuklys, Wiebke"
245 0 _aAmartya Sen's capability approach
260 _aGermany
260 _bSpringer Pub.
260 _c2005
300 _a116p.-
365 _b 3715.00
365 _dRS
520 _aKuklys examines how Nobel Prize-winning economist Amartya Sen’s approach to welfare measurement can be put in practice for poverty and inequality measurement in affluent societies such as the UK. Sen argues that an individual’s welfare should not be measured in terms of her income, but in terms what she can actually do or be, her capabilities. In Chapters 1 and 2, Kuklys describes the capability approach from a standard welfare economic point of view and provides a comprehensive literature review of the empirical applications in this area of research. In the remaining chapters, novel econometric techniques are employed to operationalise the concepts of functionings and capability to investigate inequality and poverty in terms of capability in the UK. Kuklys finds that capability measurement is always a useful complement to traditional monetary analysis, and particularly so in the case of capability-deprived disabled individuals.
650 _aWelfare economics
942 _cB
_2ddc