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An axiomatic approach to the measurement of poverty reduction failure

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  • Chakravarty, Satya R.
  • D'Ambrosio, Conchita

Abstract

A poverty reduction failure index is a measure of the extent of inability of a society to reduce its poverty level. This paper develops an ordering for ranking alternative income distributions in terms of poverty reduction failures. The ordering can be easily implemented by using the generalized Lorenz or the Three I's of poverty (TIP) curve dominance criterion. We also characterize an existing index of poverty reduction failure by using an axiomatic structure.

Suggested Citation

  • Chakravarty, Satya R. & D'Ambrosio, Conchita, 2013. "An axiomatic approach to the measurement of poverty reduction failure," Economic Modelling, Elsevier, vol. 35(C), pages 874-880.
    • Handle: RePEc:eee:ecmode:v:35:y:2013:i:c:p:874-880
    DOI: 10.1016/j.econmod.2012.12.002
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    More about this item

    Keywords

    Poverty; Poverty reduction failure; Axioms; Indices; Ordering;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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