Household Behaviour, Prices, and Welfare
This collection of essays covers a diverse set of topics related to household behavior and welfare. Prices play a key role in several of the essays, particularly the distributional implications of price movements, and the effects of changes in relative prices on inequality and poverty. This book shows the shift in the literature on prices from being an exclusively macro topic featuring the study of inflation and cross-country comparisons to one that is firmly rooted in micro theory-based analysis of household behavior. It also includes recent developments in the poverty measurement literature, documenting the shift from the exclusively money metric and unidimensional poverty measures to multidimensional poverty encompassing a wider view of deprivation. Largely, but not exclusively, focusing on India, the book also features global comparisons of welfare. Intra country spatial comparisons along with cross country comparisons of household behavior and welfare feature in several of theessays in this book. The book also compares the effects of selected public delivery schemes in India on the health of its children. It is a useful resource for researchers and serves as reading material for advanced graduate courses on development in India and elsewhere.
Ranjan Ray is a Professor of economics at Monash University, Australia. Prior to this, he was Lecturer in Econometrics (1979-89) at the University of Manchester, UK, Professor of Public Economics (1989-95) at the Delhi School of Economics and the Professor and Head of the Department of Economics (1995-2008) at the University of Tasmania, Australia. He has also held visiting positions at the University of British Columbia, Canada, University of Rome Tor Vergata, Italy and Cornell University, USA. He has taught and researched in a wide range of areas. His papers have a shared focus on methodological advancement, empirical investigation and welfare based policy application.
