TY - JOUR
T1 - 'The rich are just like us, only richer'
T2 - Poverty functions or consumption functions?
AU - Appleton, Simon
N1 - Funding Information:
1 I would like to thank the Statistics Department of the Ugandan Ministry of Finance and Economic Planning for access to the data-set. The research was funded by a World Bank project financed by the Swedish International Development Administration. Earlier versions were presented at seminars at the Centre for the Study of African Economies (CSAE), the Institute of Development Studies and the Economic Policy Research Centre, Kampala. The paper was written while the author was a member of the CSAE, a Designated Research Centre of the Economic and Social Research Council. Lionel Demery and my project collaborators provided valuable comments, although the usual caveats remain.
PY - 2001
Y1 - 2001
N2 - The reduced form determinants of economic welfare, proxied by consumption, are modelled using the first nationally representative household survey of Uganda. It is investigated whether anything is gained by modelling poverty rather than welfare, when poverty is measured by the poverty gap. Parameters from the tobit poverty function are found to be generally similar to those from consumption functions, indicating that the poor receive comparable rates of return on their assets to the non-poor. The main exception is that the return to labour is significantly lower for the poor, even with many controls.
AB - The reduced form determinants of economic welfare, proxied by consumption, are modelled using the first nationally representative household survey of Uganda. It is investigated whether anything is gained by modelling poverty rather than welfare, when poverty is measured by the poverty gap. Parameters from the tobit poverty function are found to be generally similar to those from consumption functions, indicating that the poor receive comparable rates of return on their assets to the non-poor. The main exception is that the return to labour is significantly lower for the poor, even with many controls.
UR - http://www.scopus.com/inward/record.url?scp=0035745188&partnerID=8YFLogxK
U2 - 10.1093/jae/10.4.433
DO - 10.1093/jae/10.4.433
M3 - Article
AN - SCOPUS:0035745188
SN - 0963-8024
VL - 10
SP - 433
EP - 469
JO - Journal of African Economies
JF - Journal of African Economies
IS - 4
ER -
