Language:
English
Pages:
Online-Ressource (1 online resource (55 p.))
Edition:
Online-Ausg. World Bank E-Library Archive
Parallel Title:
Fafchamps, Marcel Isolation And Subjective Welfare
DDC:
360
Keywords:
Air
;
Consumption
;
Economic Theory and Research
;
Externalities
;
Health Monitoring and Evaluation
;
Health, Nutrition and Population
;
Inequality
;
Macroeconomics and Economic Growth
;
Mobility
;
Poverty Reduction
;
Road
;
Roads
;
Transport
;
Transport
;
Transport Economics, Policy and Planning
;
Transport costs
;
Travel time
;
Travel times
;
True
;
Air
;
Consumption
;
Economic Theory and Research
;
Externalities
;
Health Monitoring and Evaluation
;
Health, Nutrition and Population
;
Inequality
;
Macroeconomics and Economic Growth
;
Mobility
;
Poverty Reduction
;
Road
;
Roads
;
Transport
;
Transport
;
Transport Economics, Policy and Planning
;
Transport costs
;
Travel time
;
Travel times
;
True
;
Air
;
Consumption
;
Economic Theory and Research
;
Externalities
;
Health Monitoring and Evaluation
;
Health, Nutrition and Population
;
Inequality
;
Macroeconomics and Economic Growth
;
Mobility
;
Poverty Reduction
;
Road
;
Roads
;
Transport
;
Transport
;
Transport Economics, Policy and Planning
;
Transport costs
;
Travel time
;
Travel times
;
True
Abstract:
Using detailed geographical and household survey data from Nepal, this article investigates the relationship between isolation and subjective welfare. This is achieved by examining how distance to markets and proximity to large urban centers are associated with responses to questions about income and consumption adequacy. Results show that isolation is associated with a significant reduction in subjective assessments of income and consumption adequacy, even after controlling for consumption expenditures and other factors. The reduction in subjective welfare associated with isolation is much larger for households that are already relatively close to markets. These findings suggest that welfare assessments based on monetary income and consumption may seriously underestimate the subjective welfare cost of isolation, and hence will tend to bias downward the assessment of benefits to isolation-reducing investments such as roads and communication infrastructure
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