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Asset-based measurement of poverty

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  • Andrea Brandolini

    ()
    (Bank of Italy)

  • Silvia Magri

    ()
    (Bank of Italy)

  • Timothy M. Smeeding

    ()
    (Institute for Research on Poverty and La Follette School of Public Affairs,University of Wisconsin-Madison)

Abstract

Poverty is generally defined as income or expenditure insufficiency, but the economic condition of a household also depends on its real and financial asset holdings. This paper investigates measures of poverty that rely on indicators of household net worth. We review and assess two main approaches followed in the literature: income-net worth measures and asset-poverty. We provide fresh cross-national evidence based on data from the Luxembourg Wealth Study.

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Bibliographic Info

Paper provided by Bank of Italy, Economic Research and International Relations Area in its series Temi di discussione (Economic working papers) with number 755.

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Date of creation: Mar 2010
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Handle: RePEc:bdi:wptemi:td_755_10

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Keywords: poverty indicators; income; wealth;

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References

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  1. Morduch, J., 1995. "Poverty and Vulnerability," Papers 477, Harvard - Institute for International Development.
  2. Christopher D. Carroll & Karen E. Dynan & Spencer D. Krane, 1999. "Unemployment risk and precautionary wealth: evidence from households' balance sheets," Finance and Economics Discussion Series 1999-15, Board of Governors of the Federal Reserve System (U.S.).
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  4. François Bourguignon & Satya Chakravarty, 2003. "The Measurement of Multidimensional Poverty," Journal of Economic Inequality, Springer, vol. 1(1), pages 25-49, April.
  5. Rebecca M. Blank, 2008. "Presidential address: How to improve poverty measurement in the United States," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 27(2), pages 233-254.
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  8. Andrea Brandolini & Silvia Magri & Timothy M. Smeeding, 2010. "Asset-based measurement of poverty," Temi di discussione (Economic working papers) 755, Bank of Italy, Economic Research and International Relations Area.
  9. James N. Morgan, 1993. "Equity considerations and means-tested benefits," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 12(4), pages 773-778.
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  16. Janet C. Gornick & Eva Sierminska & Timothy M. Smeeding, 2009. "The Income and Wealth Packages of Older Women in Cross-National Perspective," Journals of Gerontology: Series B, Gerontological Society of America, vol. 64(3), pages 402-414.
  17. Jonathan D. Fisher & David S. Johnson & Joseph T. Marchand & Timothy M. Smeeding & Barbara B. Torrey, 2009. "Identifying the Poorest Older Americans," Journals of Gerontology: Series B, Gerontological Society of America, vol. 64(6), pages 758-766.
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Citations

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Cited by:
  1. Giovanni D'Alessio & Stefano Iezzi, 2013. "Household over-indebtedness: definition and measurement with Italian data," Questioni di Economia e Finanza (Occasional Papers) 149, Bank of Italy, Economic Research and International Relations Area.
  2. Tsehay, Abrham Seyoum & Bauer, Siegfried, 2012. "Poverty Dynamics and Vulnerability: Empirical Evidence from Smallholders in Northern Highlands of Ethiopia," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126873, International Association of Agricultural Economists.
  3. Giarda, Elena, 2013. "Persistency of financial distress amongst Italian households: Evidence from dynamic models for binary panel data," Journal of Banking & Finance, Elsevier, vol. 37(9), pages 3425-3434.
  4. Tsehay, Abrham Seyoum & Bauer, Siegfried, 0. "Poverty and Vulnerability Dynamics: Empirical Evidence from Smallholders in Northern Highlands of Ethiopia," Quarterly Journal of International Agriculture, Humboldt-Universität zu Berlin, vol. 51.
  5. Leonardo Becchetti & Alessandra Pelloni, 2013. "What are we learning from the life satisfaction literature?," International Review of Economics, Springer, vol. 60(2), pages 113-155, June.
  6. Mogues, Tewodaj & Petracco, Carly & Randriamamonjy, Josee, 2011. "The wealth and gender distribution of rural services in Ethiopia: A public expenditure benefit Incidence Analysis," ESSP working papers 33, International Food Policy Research Institute (IFPRI).
  7. Andrea Brandolini & Silvia Magri & Timothy M. Smeeding, 2010. "Asset-based measurement of poverty," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 29(2), pages 267-284.
  8. Timothy M. Smeeding, 2009. "New comparative measures of income, material deprivation, and well-being," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 28(4), pages 745-752.
  9. Luis Carvalho & Aurora A.C. Teixeira, 2011. "Where are the poor in International Economics?," FEP Working Papers 425, Universidade do Porto, Faculdade de Economia do Porto.
  10. Laura Bartiloro & Cristiana Rampazzi, 2013. "Italian households’ saving and wealth during the crisis," Questioni di Economia e Finanza (Occasional Papers) 148, Bank of Italy, Economic Research and International Relations Area.
  11. Salvatore Morelli & Timothy Smeeding & Jeffrey Thompson, 2014. "Post-1970 Trends in Within-Country Inequality and Poverty: Rich and Middle Income Countries," CSEF Working Papers 356, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
  12. Durr-e-Nayab, 2011. "Estimating the Middle Class in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 50(1), pages 1-28.
  13. Geranda Notten, 2013. "Measuring performance: does the assessment depend on the poverty proxy?," ImPRovE Working Papers 13/13, Herman Deleeck Centre for Social Policy, University of Antwerp.
  14. Celidoni, Martina, 2011. "Vulnerability to poverty: An empirical comparison of alternative measures," MPRA Paper 33002, University Library of Munich, Germany.
  15. Anthony B. Atkinson & Andrea Brandolini, 2011. "On the identification of the “middle class”," Working Papers 217, ECINEQ, Society for the Study of Economic Inequality.
  16. Agbodji, Akoete Ega & Batana, Yele Maweki & Ouedraogo, Denis, 2013. "Gender inequality in multidimensional welfare deprivation in west Africa : the case of Burkina Faso and Togo," Policy Research Working Paper Series 6522, The World Bank.

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