Work

Conversion Efficiency as a Complementing Measure of Welfare in Capability Space

Year: 2008

Type: report

Abstract: 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).

Source: Munich Personal RePEc Archive (Ludwig Maximilian University of Munich)

Authors: Martin Binder, Tom Broekel

Language: English

Topic: Income, Poverty, and Inequality

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

Open Access status: green

Funders: University of Essex, Economic and Social Research Council

OpenAlex ID: W2151298095

Cites: 25

Cited by: 5

Related to: 10