2021
DOI: 10.1007/s11205-020-02580-9
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Using the Market Basket Measure to Discuss Income Inequality from the Perspective of Basic Needs

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“…Our assumption is that factors affecting the ability of society to adapt to natural extremes include (i) income levels, as higher levels enhance individuals' capacity to adapt to challenging natural surroundings by affording them greater personal resources; (ii) the level of education; (iii) the proportion of people with a bachelor's degree or higher; and (iv) the proportion of people of working age. A literature review shows that the Market Basket indicator, which measures the consumer price index and purchasing power, plays a pivotal role in gauging actual income levels since it shows the real income [77,78]. This indicator likely exhibits significant regional variations within Alaska.…”
Section: Methodsmentioning
confidence: 99%
“…Our assumption is that factors affecting the ability of society to adapt to natural extremes include (i) income levels, as higher levels enhance individuals' capacity to adapt to challenging natural surroundings by affording them greater personal resources; (ii) the level of education; (iii) the proportion of people with a bachelor's degree or higher; and (iv) the proportion of people of working age. A literature review shows that the Market Basket indicator, which measures the consumer price index and purchasing power, plays a pivotal role in gauging actual income levels since it shows the real income [77,78]. This indicator likely exhibits significant regional variations within Alaska.…”
Section: Methodsmentioning
confidence: 99%