Relative price shifts, economies of scale and poverty during economic transition

Lanjouw, Jean O.; Lanjouw, Peter; Milanovic, Branko; & Paternostro, Stefano. (2004). Relative price shifts, economies of scale and poverty during economic transition. Economics of Transition, 12(3), 509-536.

Citation:

Lanjouw, Jean O.; Lanjouw, Peter; Milanovic, Branko; & Paternostro, Stefano. (2004). Relative price shifts, economies of scale and poverty during economic transition. Economics of Transition, 12(3), 509-536.

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Abstract:

Economic transition is associated with significant shifts in relative prices between private and public goods. If, as a result, public goods claim a larger share of total expenditures, economies of scale in consumption increase. We show how relative price changes might alter the welfare of different-sized households in the short run and over time. We illustrate, for a selection of transition economies, that conventional poverty profiles are quite sensitive to assumptions made about economies of scale in consumption. In particular, the common view that large households with many children are poor relative to small households (such as those comprising the elderly) is shown to be highly non-robust.

URL:

http://dx.doi.org/10.1111/j.0967-0750.2004.00191.x

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Reference Type:
JOUR

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Author(s):
Lanjouw, Jean O.
Lanjouw, Peter
Milanovic, Branko
Paternostro, Stefano

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Year Published:
2004

Date Published:

Journal Name:
Economics of Transition

Volume Number:
12

Issue Number:
3

Start Page Number:
509-536

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ISSN/ISBN:
1468-0351

DOI:
10.1111/j.0967-0750.2004.00191.x

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Reference ID:
1418

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Relative price shifts, economies of scale and poverty during economic transition