Axiomatically Sound Poverty Measurement With Scarce Data And Price Dispersion
AbstractWe derive a parametric formula of the Watts' poverty index for the bivariate lognormal distribution of price indices and nominal living standards. This enables us to analyze the contributions of price and nominal living standard distributions to poverty, to estimate poverty when only means and variances are known. We also derive a statistical inference framework. Using data from peasants in Rwanda in four quarters, we show that poverty estimates based on scarce information are generally not significantly different from nonparametric estimates based on full survey information.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 2007-02.
Length: 47 pages
Date of creation: Mar 2007
Date of revision:
Publication status: Published by Ivie
Measurement and analysis of poverty; Income distribution; Personal income distribution.;
Find related papers by JEL classification:
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-03-10 (All new papers)
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