Publication type
Research Paper
Series Number
7583
Series
MPRA Papers
Authors
Publication date
March 1, 2008
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).
Subject
Link
- http://econpapers.repec.org/paper/pramprapa/7583.htm
Notes
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