Durable Goods and Poverty Measurement

The paper focuses on durable goods and their role in the measurement of living standards. The paper reviews the theoretical underpinnings of the methods available to estimate the value of the services flowing from consumer durable goods. It also pr...

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Main Authors:	Amendola, Nicola, Vecchi, Giovanni
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank Group, Washington, DC 2014
Subjects:	ACCOUNTING ADVERSE SELECTION AFFILIATED ORGANIZATIONS ALTERNATIVE USE ARBITRAGE ASSET PRICE ASSET PRICES BUSINESS CYCLE CAPITAL GAIN CAPITAL GAINS CAPITAL MARKET CAPITAL THEORY CAPITALIZATION CENTRAL BANK COMMERCE COMPETITIVE MARKET COMPETITIVE MARKETS CONSUMER DURABLE CONSUMER DURABLES CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICE INDICES CONSUMER PRICES CONSUMERS CONSUMPTION EXPENDITURE COST OF LIVING DECISION MAKING DEGREES OF RISK DEPRECIATION DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPMENT POLICY DISCOUNTED VALUE DISPOSABLE INCOME DISTRIBUTION OF INCOME DURABLE DURABLE ASSETS DURABLE GOOD DURABLE GOODS DURABLES ECONOMETRIC MODELS ECONOMETRICS ECONOMIC LIFE ECONOMIC THEORY ELASTICITY EQUILIBRIUM EQUILIBRIUM PRICES EQUIPMENT EXPENDITURE EXPENDITURES FINANCIAL ASSETS FINANCIAL MARKET FINANCIAL MARKETS FIXED ASSETS GOVERNMENT BONDS HOUSEHOLD INCOME INEQUALITY MEASURES INFLATION INFLATION RATE INTEREST RATE INTEREST RATES INTEREST RATES ON LOANS INTERNATIONAL BANK INVENTORY INVESTING INVESTMENT DECISIONS LIVING STANDARD LIVING STANDARDS LOAN MARKET CONDITIONS MARKET DATA MARKET PRICE MARKET PRICES MARKET VALUE MARKET VALUES MATURITIES MICRO DATA MONETARY FUND NATIONAL INCOME NET VALUE NOMINAL INTEREST RATE OPPORTUNITY COST PENSIONS PERFECT COMPETITION PRICE CHANGE PRICE CHANGES PRICE CURVES PURCHASE PRICE PURCHASING PURCHASING POWER RATE OF RETURN REAL INTEREST REAL INTEREST RATE REAL RATE OF RETURN RETURN RISK AVERSION SAVINGS RATIOS SUBSTITUTE TAXATION TRANSACTION TRANSACTION COST TRANSACTION COSTS UNDERESTIMATES USE VALUE VOLATILITY WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2014/11/20377099/durable-goods-poverty-measurement http://hdl.handle.net/10986/20612

id	okr-10986-20612
recordtype	oai_dc
spelling	okr-10986-206122021-04-23T14:03:59Z Durable Goods and Poverty Measurement Amendola, Nicola Vecchi, Giovanni ACCOUNTING ADVERSE SELECTION AFFILIATED ORGANIZATIONS ALTERNATIVE USE ARBITRAGE ASSET PRICE ASSET PRICES BUSINESS CYCLE CAPITAL GAIN CAPITAL GAINS CAPITAL MARKET CAPITAL THEORY CAPITALIZATION CENTRAL BANK COMMERCE COMPETITIVE MARKET COMPETITIVE MARKETS CONSUMER DURABLE CONSUMER DURABLES CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICE INDICES CONSUMER PRICES CONSUMERS CONSUMPTION EXPENDITURE COST OF LIVING DECISION MAKING DEGREES OF RISK DEPRECIATION DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPMENT POLICY DISCOUNTED VALUE DISPOSABLE INCOME DISTRIBUTION OF INCOME DURABLE DURABLE ASSETS DURABLE GOOD DURABLE GOODS DURABLES ECONOMETRIC MODELS ECONOMETRICS ECONOMIC LIFE ECONOMIC THEORY ELASTICITY EQUILIBRIUM EQUILIBRIUM PRICES EQUIPMENT EXPENDITURE EXPENDITURES FINANCIAL ASSETS FINANCIAL MARKET FINANCIAL MARKETS FIXED ASSETS GOVERNMENT BONDS HOUSEHOLD INCOME INEQUALITY MEASURES INFLATION INFLATION RATE INTEREST RATE INTEREST RATES INTEREST RATES ON LOANS INTERNATIONAL BANK INVENTORY INVESTING INVESTMENT DECISIONS LIVING STANDARD LIVING STANDARDS LOAN MARKET CONDITIONS MARKET DATA MARKET PRICE MARKET PRICES MARKET VALUE MARKET VALUES MATURITIES MICRO DATA MONETARY FUND NATIONAL INCOME NET VALUE NOMINAL INTEREST RATE OPPORTUNITY COST PENSIONS PERFECT COMPETITION PRICE CHANGE PRICE CHANGES PRICE CURVES PURCHASE PRICE PURCHASING PURCHASING POWER RATE OF RETURN REAL INTEREST REAL INTEREST RATE REAL RATE OF RETURN RETURN RISK AVERSION SAVINGS RATIOS SUBSTITUTE TAXATION TRANSACTION TRANSACTION COST TRANSACTION COSTS UNDERESTIMATES USE VALUE VOLATILITY WEALTH The paper focuses on durable goods and their role in the measurement of living standards. The paper reviews the theoretical underpinnings of the methods available to estimate the value of the services flowing from consumer durable goods. It also provides a unified framework that encompasses the acquisition approach, the rental equivalent approach, and the user cost approach. The pros and cons of each method are discussed in the context of poverty and inequality analysis and it is argued that the user cost should receive the highest consideration. 2014-12-03T15:46:54Z 2014-12-03T15:46:54Z 2014-11 http://documents.worldbank.org/curated/en/2014/11/20377099/durable-goods-poverty-measurement http://hdl.handle.net/10986/20612 English en_US Policy Research Working Paper;No. 7105 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Group, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING ADVERSE SELECTION AFFILIATED ORGANIZATIONS ALTERNATIVE USE ARBITRAGE ASSET PRICE ASSET PRICES BUSINESS CYCLE CAPITAL GAIN CAPITAL GAINS CAPITAL MARKET CAPITAL THEORY CAPITALIZATION CENTRAL BANK COMMERCE COMPETITIVE MARKET COMPETITIVE MARKETS CONSUMER DURABLE CONSUMER DURABLES CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICE INDICES CONSUMER PRICES CONSUMERS CONSUMPTION EXPENDITURE COST OF LIVING DECISION MAKING DEGREES OF RISK DEPRECIATION DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPMENT POLICY DISCOUNTED VALUE DISPOSABLE INCOME DISTRIBUTION OF INCOME DURABLE DURABLE ASSETS DURABLE GOOD DURABLE GOODS DURABLES ECONOMETRIC MODELS ECONOMETRICS ECONOMIC LIFE ECONOMIC THEORY ELASTICITY EQUILIBRIUM EQUILIBRIUM PRICES EQUIPMENT EXPENDITURE EXPENDITURES FINANCIAL ASSETS FINANCIAL MARKET FINANCIAL MARKETS FIXED ASSETS GOVERNMENT BONDS HOUSEHOLD INCOME INEQUALITY MEASURES INFLATION INFLATION RATE INTEREST RATE INTEREST RATES INTEREST RATES ON LOANS INTERNATIONAL BANK INVENTORY INVESTING INVESTMENT DECISIONS LIVING STANDARD LIVING STANDARDS LOAN MARKET CONDITIONS MARKET DATA MARKET PRICE MARKET PRICES MARKET VALUE MARKET VALUES MATURITIES MICRO DATA MONETARY FUND NATIONAL INCOME NET VALUE NOMINAL INTEREST RATE OPPORTUNITY COST PENSIONS PERFECT COMPETITION PRICE CHANGE PRICE CHANGES PRICE CURVES PURCHASE PRICE PURCHASING PURCHASING POWER RATE OF RETURN REAL INTEREST REAL INTEREST RATE REAL RATE OF RETURN RETURN RISK AVERSION SAVINGS RATIOS SUBSTITUTE TAXATION TRANSACTION TRANSACTION COST TRANSACTION COSTS UNDERESTIMATES USE VALUE VOLATILITY WEALTH
spellingShingle	ACCOUNTING ADVERSE SELECTION AFFILIATED ORGANIZATIONS ALTERNATIVE USE ARBITRAGE ASSET PRICE ASSET PRICES BUSINESS CYCLE CAPITAL GAIN CAPITAL GAINS CAPITAL MARKET CAPITAL THEORY CAPITALIZATION CENTRAL BANK COMMERCE COMPETITIVE MARKET COMPETITIVE MARKETS CONSUMER DURABLE CONSUMER DURABLES CONSUMER PRICE CONSUMER PRICE INDEX CONSUMER PRICE INDICES CONSUMER PRICES CONSUMERS CONSUMPTION EXPENDITURE COST OF LIVING DECISION MAKING DEGREES OF RISK DEPRECIATION DEPRECIATION OF ASSETS DEVELOPING COUNTRIES DEVELOPMENT POLICY DISCOUNTED VALUE DISPOSABLE INCOME DISTRIBUTION OF INCOME DURABLE DURABLE ASSETS DURABLE GOOD DURABLE GOODS DURABLES ECONOMETRIC MODELS ECONOMETRICS ECONOMIC LIFE ECONOMIC THEORY ELASTICITY EQUILIBRIUM EQUILIBRIUM PRICES EQUIPMENT EXPENDITURE EXPENDITURES FINANCIAL ASSETS FINANCIAL MARKET FINANCIAL MARKETS FIXED ASSETS GOVERNMENT BONDS HOUSEHOLD INCOME INEQUALITY MEASURES INFLATION INFLATION RATE INTEREST RATE INTEREST RATES INTEREST RATES ON LOANS INTERNATIONAL BANK INVENTORY INVESTING INVESTMENT DECISIONS LIVING STANDARD LIVING STANDARDS LOAN MARKET CONDITIONS MARKET DATA MARKET PRICE MARKET PRICES MARKET VALUE MARKET VALUES MATURITIES MICRO DATA MONETARY FUND NATIONAL INCOME NET VALUE NOMINAL INTEREST RATE OPPORTUNITY COST PENSIONS PERFECT COMPETITION PRICE CHANGE PRICE CHANGES PRICE CURVES PURCHASE PRICE PURCHASING PURCHASING POWER RATE OF RETURN REAL INTEREST REAL INTEREST RATE REAL RATE OF RETURN RETURN RISK AVERSION SAVINGS RATIOS SUBSTITUTE TAXATION TRANSACTION TRANSACTION COST TRANSACTION COSTS UNDERESTIMATES USE VALUE VOLATILITY WEALTH Amendola, Nicola Vecchi, Giovanni Durable Goods and Poverty Measurement
relation	Policy Research Working Paper;No. 7105
description	The paper focuses on durable goods and their role in the measurement of living standards. The paper reviews the theoretical underpinnings of the methods available to estimate the value of the services flowing from consumer durable goods. It also provides a unified framework that encompasses the acquisition approach, the rental equivalent approach, and the user cost approach. The pros and cons of each method are discussed in the context of poverty and inequality analysis and it is argued that the user cost should receive the highest consideration.
format	Publications & Research :: Policy Research Working Paper
author	Amendola, Nicola Vecchi, Giovanni
author_facet	Amendola, Nicola Vecchi, Giovanni
author_sort	Amendola, Nicola
title	Durable Goods and Poverty Measurement
title_short	Durable Goods and Poverty Measurement
title_full	Durable Goods and Poverty Measurement
title_fullStr	Durable Goods and Poverty Measurement
title_full_unstemmed	Durable Goods and Poverty Measurement
title_sort	durable goods and poverty measurement
publisher	World Bank Group, Washington, DC
publishDate	2014
url	http://documents.worldbank.org/curated/en/2014/11/20377099/durable-goods-poverty-measurement http://hdl.handle.net/10986/20612
_version_	1764446900221640704

Durable Goods and Poverty Measurement

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