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Decent Living Standards: Material Prerequisites for Human Wellbeing.

Narasimha D Rao1, Jihoon Min1

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Summary

This study defines a universal Decent Living Standard (DLS) with measurable conditions for basic human wellbeing. It provides a framework for assessing poverty and social participation, going beyond current indicators.

Keywords:
Decent livingFair wageHuman developmentHuman wellbeingMultidimensional PovertyReference budget

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Area of Science:

  • Social Sciences
  • Economics
  • Human Wellbeing Studies

Background:

  • Existing multidimensional poverty indicators often fail to comprehensively address living conditions and social participation.
  • Basic human wellbeing requires a defined set of material conditions that are currently not universally established.
  • Different accounts of basic justice, such as the capability approach and basic needs, offer theoretical support for defining a minimum standard of living.

Purpose of the Study:

  • To define a universal, irreducible, and essential set of material conditions for basic human wellbeing.
  • To develop a Decent Living Standard (DLS) with operationalizable indicators and quantitative thresholds.
  • To provide a normative basis for developing minimum wage, reference budgets, and assessing environmental impacts of poverty eradication.

Main Methods:

  • Synthesizing support from diverse accounts of basic justice, including the capability approach and basic needs.
  • Defining universal, irreducible, and essential material conditions for wellbeing.
  • Establishing measurable indicators and quantitative thresholds for the Decent Living Standard (DLS).
  • Operationalizing the DLS for diverse societies considering local customs and preferences.

Main Results:

  • A comprehensive definition of a Decent Living Standard (DLS) encompassing material conditions and means for social participation.
  • Operationalizable indicators and quantitative thresholds for the DLS, adaptable to local contexts.
  • The DLS framework extends beyond existing multidimensional poverty measures.

Conclusions:

  • The Decent Living Standard (DLS) provides a robust framework for assessing and achieving basic human wellbeing.
  • The DLS offers a normative foundation for economic policies like minimum wage and reference budgets.
  • This framework is crucial for evaluating the environmental consequences, including climate change, associated with poverty eradication efforts.