Measuring Welfare, Poverty and Inequality
A class of poverty measures is identified, the members of which satisfy strong monotonicity and transfer conditions. These measures are closely related to indices of income inequality based on the notion of a mean-equivalent income. A restriction on the class of admissible measures allows poverty to be interpreted in terms of the loss in mean-equivalent income resulting from the fact that some people are poor. Copyright 1987 by Royal Economic Society.
Volume (Year): 97 (1987)
Issue (Month): 386 (June)
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