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Hierarchy of Needs and the Measurement of Poverty and Standards of Living
Joseph Deutsch and Jacques Silber
2024
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The focus of this Element is on the idea that choice is hierarchical so that there exists an order of acquisition of durable goods and assets as real incomes increase. Two main approaches to deriving such an order are presented, the so-called Paroush approach and Item Response Theory. This title is also available as Open Access on Cambridge Core.
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