Amartya Sen's Capability Approach [electronic resource] : Theoretical Insights and Empirical Applications /
Kuklys, Wiebke.author.
Kuklys 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.
Based on the author's Ph. D. thesis, Cambridge University.
Includes bibliographical references (p. [105]-112) and index.
Sen's Capability Approach to Welfare Economics -- The Measurement of Functionings Achievement: Structural Equation Models as an Alternative -- Functionings-Based vs. Income-Based Inequality Measures: Informational Content and Robustness -- A Monetary Approach to Capability Measurement of the Disabled in the UK.
Kuklys 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.
Sen, Amartya, 1933-
Economic theory.
Economic Theory/Quantitative Economics/Mathematical Methods.
Studies in Choice and Welfare