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A Simple Axiomatization of the Foster, Greer and Thorbecke Poverty Orderings

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Author Info

  • Udo Ebert
  • Patrick Moyes

Abstract

The paper presents a simple characterization of the poverty orderings which are represented by a poverty measure belonging to the Foster, Greer, and Thorbecke class. All properties introduced are formulated within an ordinal framework. Furthermore, a new concept is proposed: the equivalent societal income which-if given to each individual in society-yields the same level of poverty as the actual income distribution. It is a specific indicator of the underlying poverty ordering, has attractive properties and allows us to prove the main result in a direct way. Copyright Blackwell Publishing, Inc. 2002.

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Bibliographic Info

Article provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.

Volume (Year): 4 (2002)
Issue (Month): 4 (October)
Pages: 455-473

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Handle: RePEc:bla:jpbect:v:4:y:2002:i:4:p:455-473

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Cited by:
  1. James Foster & Joel Greer & Erik Thorbecke, 2010. "The Foster–Greer–Thorbecke (FGT) poverty measures: 25 years later," Journal of Economic Inequality, Springer, vol. 8(4), pages 491-524, December.
  2. Udo Ebert, 2005. "Measures of downside risk," Economics Bulletin, AccessEcon, vol. 4(16), pages 1-9.
  3. Patrick MOYES (GREThA), 2008. "Poverty Measurement in Economics (In French)," Cahiers du GREThA 2008-06, Groupe de Recherche en Economie Théorique et Appliquée.
  4. Michał Brzeziński, 2013. "Accounting for trends in health poverty: A decomposition analysis for Britain, 1991-2008," Working Papers 2013-02, Faculty of Economic Sciences, University of Warsaw.
  5. Hans-Peter Weikard, 2004. "Poverty Measurement Under Income Risk," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 224(3), pages 337-350, May.
  6. James Foster & Joel Greer & Erik Thorbecke, 2010. "The Foster-Greer-Thorbecke (FGT) Poverty Measures: Twenty-Five Years Later," Working Papers 2010-14, The George Washington University, Institute for International Economic Policy.
  7. repec:ebl:ecbull:v:4:y:2005:i:16:p:1-9 is not listed on IDEAS
  8. Eisenhauer, Joseph G., 2011. "The rich, the poor, and the middle class: Thresholds and intensity indices," Research in Economics, Elsevier, vol. 65(4), pages 294-304, December.

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