ISBN: 3540261982
TITLE: Amartya Sen's
AUTHOR: Kuklys
TOC:

1 Introduction 1
1.1 Motivation 1
1.2 Individual Welfare Measures 3
1.2.1 Income 3
1.2.2 Adjustments of Income 4
1.2.3 Multidimensional Measures - Sen's Approach 5
1.3 Aims and Structure of this Book 6
1.4 Contribution of this Book 8
2 Sen's Capability Approach to Welfare Economics 9
(Co-Authored with Ingrid Robeyns)
2.1 Introduction 9
2.2 Sen's Capability Approach 10
2.3 Characterisation of Welfare Economics and its Tools 12
2.3.1 Definition and Characterisation 12
2.3.2 The Model 13
2.4 Welfare Economics Revisited 14
2.4.1 The Market 15
2.4.2 The Individual 16
2.4.3 Can the Capability Approach Offer an Alternative? 20
2.5 Evidente on the Measurement of Functionings and Capabilities 20
2.5.1 Methodological Issues 21
2.5.2 Measurement of Welfare Levels 23
2.5.3 Policy Evaluation 24
2.5.4 Concluding Remarks 29
2.6 Conclusions 29
3 The Measurement of Functionings Achievement: Structural Equation Models as an Alternative 31
3.1 Introduction 31
3.2 Welfare Analysis in the Functionings Space 32
3.3 Functionings Achievement: Measurement and Modelling 33
3.3.1 Issues in Functionings Measurement 33
3.3.2 Empirical Approaches to the Measurement of Functionings 35
3.3.3 The Regression Approach to Modelling Functionings Achievement 39
3.4 A Structural Equation Model of Functionings Achievement 40
3.4.1 Model Specification 41
3.4.2 Ordinal Measurements 42
3.4.3 Estimation 44
3.5 Functionings Achievement: Indicators and Causes 45
3.5.1 The Data 45
3.5.2 Indicators of Health and Housing 45
3.5.3 The "Causal" Factors 48
3.5.4 Correlation Matrices 49
3.6 Results 52
3.6.1 Results for Measurement and Structural Mode] 52
3.6.2 Functioning Scores and Income in Comparison 54
3.7 Conclusions 56
4 Functionings-Based vs. Income-Based Inequality Measures. Informational Content and Robustness 59
4.1 Introduction 59
4.2 Issues in Multidimensional Inequality Measurement 60
4.3 Inequality in Unidimensional Distributions 61
4.4 Multidimensional Distributions 63
4.5 Robustness in Composite Functionings Measurement 66
4.6 Empirical Application: Inequality in the Functionings Space 67
4.6.1 The Data 67
4.6.2 Results 68
4.7 Conclusions 74
5 A Monetary Approach to Capability Measurement of the Disabled in the UK 75
5.1 Introduction 75
5.2 Capability as Needs-Adjusted Income 76
5.2.1 Assumptions 76
5.2.2 Identification of the Capability Set 77
5.3 Equivalence Scales 78
5.3.1 Consumption-Based Scales 79
5.3.2 Psychometric Equivalence Scales 80
5.4 Conversion Factors 81
5.4.1 Needs versus Preferences 81
5.4.2 Disability as a Conversion Factor 83
5.5 Estimating the Capability Set 84
5.5.1 The Model 84
5.5.2 The Data 85
5.5.3 Econometric Estimation and Model Specification 87
5.6 Results 91
5.6.1 Estimation Results 91
5.6.2 Results for Psychometric Equivalence Scales 93
5.6.3 Impact of Disability on Poverty 96
5.7 Conclusions 99
References 105
Index 113
END
