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Measuring Richness and Poverty

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Author Info
Peichl, Andreas
Schaefer, Thilo
Scheicher, Christoph

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Abstract

In this paper, we define a new class of richness measures. In contrast to the often used headcount, these new measures are sensitive to changes in rich person's income and therefore allow for a more sophisticated analysis of richness. We demonstrate the application of these new measures to analyse the development of poverty and richness over time in Germany, to compare Germany to the other EU-15 countries and to investigate the impact of tax reforms on poverty and richness. The latter analysis is based on micro data provided by the simulation model FiFoSiM using German income tax and household survey micro data. We show that it partly depends on the measure whether the development of richness in Germany is increasing or decreasing. The cross country analysis yields several groups of countries according to their values of poverty and richness indices. The new richness measures show that the effects of flat tax reform scenarios depend on the reform parameters. Using these examples, we show the importance of taking into account the dimension of changes and not only the number of people beyond a given richness line (headcount). We propose to use the new measures in addition to the headcount index for a more comprehensive analysis of richness. --

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Publisher Info
Paper provided by University of Cologne, CPE - Cologne Center for Public Economics in its series FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge with number 06-11.

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Date of creation: 2006
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Handle: RePEc:zbw:uoccpe:5153

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Web page: http://www.fifo-koeln.de/

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Related research
Keywords: richness; affluence; poverty; tax reform; flat tax;

Find related papers by JEL classification:
I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Schaefer, Thilo & Peichl, Andreas, 2006. "Documentation FiFoSiM : integrated tax benefit microsimulation and CGE model," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 06-10, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  2. Andreas Peichl, 2007. "Measuring richness," German Stata Users' Group Meetings 2007 06, Stata Users Group. [Downloadable!]
  3. Schaefer, Thilo & Peichl, Andreas & Fuest, Clemens, 2006. "Die Flat Tax: Wer gewinnt? Wer verliert? Eine empirische Analyse für Deutschland," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 06-6, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  4. Peichl, Andreas & Fuest, Clemens & Schaefer, Thilo, 2006. "Führt Steuervereinfachung zu einer "gerechteren" Einkommensverteilung? Eine empirische Analyse für Deutschland," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 06-1, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  5. Schaefer, Thilo & Peichl, Andreas, 2007. "Documentation FiFoSiM: Integrated tax benefit microsimulation," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 06-10 [rev.], University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  6. Peichl, Andreas, 2005. "Die Evaluation von Steuerreformen durch Simulationsmodelle," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 05-1, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  7. Peichl, Andreas & Fuest, Clemens & Schaefer, Thilo, 2006. "Does tax simplification yield more equity and efficiency? An empirical analysis for Germany," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 06-5, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  8. Peichl, Andreas & Fuest, Clemens & Schaefer, Thilo, 2005. "Dokumentation FiFoSiM: Integriertes Steuer-Transfer-Mikrosimulations- und CGE-Modell," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 05-3, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  9. Peichl, Andreas & Bergs, Christian, 2006. "Numerische Gleichgewichtsmodelle - Grundlagen und Anwendungsgebiete," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 06-2, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  10. Peichl, Andreas & Fuest, Clemens & Bergs, Christian & Schaefer, Thilo, 2006. "Reformoptionen der Familienbesteuerung - Aufkommens-, Verteilungs- und Arbeitsangebotseffekte," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 06-8, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
  11. Peichl, Andreas & Ochmann, Richard, 2006. "Measuring distributional effects of fiscal reforms," FiFo-CPE Discussion Papers - Finanzwissenschaftliche Diskussionsbeiträge 06-9, University of Cologne, CPE - Cologne Center for Public Economics. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Paulus, Alari & Peichl, Andreas, 2008. "Effects of Flat Tax Reforms in Western Europe on Income Distribution and Work Incentives," IZA Discussion Papers 3721, Institute for the Study of Labor (IZA). [Downloadable!]
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