WordPress

philecodiscussion.org

Time Constraints and Poverty Incidence

 

One of the major factor which poverty incidence is to be analyzed is time constraint. The problem would be understood as recurrence of poverty as time passes along with dreaded gap with which it affects the people concerned. Most of the poor people are asset constrained in the sense that they don’t have exchange entitlement and discounted consumption streams may be erratic for seasonal variations. The general equilibrium in this sense has been found to be perpetuating under-nourishment and malnourishment in the labor market and as a consequence total factor productivity regress for the economy as a whole. The practical point of such questions are the persistent of stubborn under development which has great gender ramifications. 

Inequality Adjusted Human Development

The Human Development Reports are in the forefront to advocate the expansion of the choices and capabilities ensuring freedom in society. The concept and the reach of human development is seen through empirical lens of partial index like HDI. However the 2010 report has methodological departures in assessing well being of a given society or the state of the economy. For example it takes note of the fact a literacy criterion would well be captured by years of schooling rather than mere knowledge to read and write like primary enrollment; the more the schooling years captured by enrollment in longer hours of education, it brings into direct focus the benefits of sustainable development by ensuring effective participation. The longer the time horizon for human development, it calls for value decomposition for each sub group, a fairly well advanced concept in inequality measurement. The loss of Human Development then can be captured by the extend of this inequality as illustrated in the technical notes of the Human Development Report, 2010.