Beyond money: how do Peruvians evaluate their being

If we consider welfare as a multidimensional phenomenon, we can show that the traditional approach, based on objective indicators and economic determinants, is insufficient. Apart from the positive but imperfect correlation between the household monetary income and subjective welfare, other factors...

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Detalles Bibliográficos
Autores principales: Collantes, Hector Josué; Universidad del Pacífico, Escobedo Oblitas, José Carlos; Universidad del Pacífico
Formato: Artículo publishedVersion
Lenguaje:Español
Publicado: Universidad del Pacífico 2014
Materias:
poverty and subjective welfare, Economic Ladder Question
pobreza y bienestar subjetivo, escalera económica
Acceso en línea:http://revistas.up.edu.pe/index.php/apuntes/article/view/181
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-014&d=article181oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-article181oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Español
topic poverty and subjective welfare, Economic Ladder Question
pobreza y bienestar subjetivo, escalera económica
spellingShingle poverty and subjective welfare, Economic Ladder Question
pobreza y bienestar subjetivo, escalera económica
Collantes, Hector Josué; Universidad del Pacífico
Escobedo Oblitas, José Carlos; Universidad del Pacífico
Beyond money: how do Peruvians evaluate their being
topic_facet poverty and subjective welfare, Economic Ladder Question
pobreza y bienestar subjetivo, escalera económica
description If we consider welfare as a multidimensional phenomenon, we can show that the traditional approach, based on objective indicators and economic determinants, is insufficient. Apart from the positive but imperfect correlation between the household monetary income and subjective welfare, other factors influence that perception.We use the Economic Ladder Question (ELQ) in the Peruvian household surveys to analyze the factors determining economic welfare, employing an ordered logit model.Our research puts emphasis on those factors affected by policy. We show that more than 70% of the population considers itself 'poor' in subjective terms, while according to the poverty line approach, the proportion is 44,6%. This mismatch between subjective and objective measures means that, in urban and rural areas respectively, 53% and 81% of objective non-poor households subjectively consider themselves to be poor.Using the ELQ we were able to identify factors in determining subjective economic welfare that have been absent in previous research, including: (1) feelings of inclusion in the political and economic system; (2) participation in institutions with decision-making power; (3) the urban poverty characteristics of Lima; and (4) the importance of the reference group in welfare evaluation.The paper concludes by recommending specific policies that focus on the determinants of subjective welfare and by suggesting the importance of using the ELQ to improve the design and evaluation of public policy within a social management framework.
format Artículo
publishedVersion
Artículo
publishedVersion
author Collantes, Hector Josué; Universidad del Pacífico
Escobedo Oblitas, José Carlos; Universidad del Pacífico
author_facet Collantes, Hector Josué; Universidad del Pacífico
Escobedo Oblitas, José Carlos; Universidad del Pacífico
author_sort Collantes, Hector Josué; Universidad del Pacífico
title Beyond money: how do Peruvians evaluate their being
title_short Beyond money: how do Peruvians evaluate their being
title_full Beyond money: how do Peruvians evaluate their being
title_fullStr Beyond money: how do Peruvians evaluate their being
title_full_unstemmed Beyond money: how do Peruvians evaluate their being
title_sort beyond money: how do peruvians evaluate their being
publisher Universidad del Pacífico
publishDate 2014
url http://revistas.up.edu.pe/index.php/apuntes/article/view/181
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=pe/pe-014&d=article181oai
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