This study compares living standards in China, India and Vietnam using the recent multidimensional approach. A distinguishing feature of this study is the use of unit record datasets containing household-level information on access to a wide range of dimensions. The study uses the methodology of principal component analysis to measure household wealth. The wealth index is then used to examine the distribution of deprivation and poverty by wealth percentiles. The study distinguishes between multidimensional deprivation and multidimensional poverty and compares the living standards in these countries based on both measures. This paper also presents comparative evidence on the percentage contribution to total deprivation by the various dimensions in each country, and reports several differences between China, India and Vietnam.
- Cross-country welfare comparisons
- Emerging marketAsian economies
- Microeconomics analysis of economic development
- Multidimensional deprivation