Binder, Martin and Broekel, Tom (2008): Conversion Efficiency as a Complementing Measure of Welfare in Capability Space.
Download (290kB) | Preview
In the capability literature, studies on the empirical measurement in the functionings space are abundant and a few studies even measure capability to function. We suggest adopting a third measure of welfare relevant to economists, namely the "conversion efficiency" measuring the efficiency with which individuals convert their resources into achieved functioning. We use a nonparametric efficiency procedure and construct such a measure for a basket of basic functioning achievement, using data from the British Household Panel Survey (BHPS).
|Item Type:||MPRA Paper|
|Original Title:||Conversion Efficiency as a Complementing Measure of Welfare in Capability Space|
|Keywords:||conversion efficiency, welfare measurement, robust nonparametric efficiency analysis, functioning production|
|Subjects:||I - Health, Education, and Welfare > I1 - Health > I12 - Health Production
I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R15 - Econometric and Input-Output Models; Other Models
I - Health, Education, and Welfare > I3 - Welfare and Poverty > I32 - Measurement and Analysis of Poverty
|Depositing User:||Martin Binder|
|Date Deposited:||09. Mar 2008 16:56|
|Last Modified:||15. Feb 2013 07:31|