The rich, the poor, and the middle class: Thresholds and intensity indices
This paper contributes to the literature on the measurement of social classes by providing a wealth threshold for distinguishing the rich from the middle class and an intensity index for measuring the extent of affluence within a country. The empirical applicability of this approach is then illustrated with household-level survey data from the Bank of Italy; the results show an unambiguous decline in poverty and an increase in affluence in Italy between 2002 and 2004. Moreover, the findings indicate that social class is statistically linked to age, gender, marital status, household size, education, employment, and geography.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
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.:
- Udo Ebert & Patrick Moyes, 2002.
"A Simple Axiomatization of the Foster, Greer and Thorbecke Poverty Orderings,"
Journal of Public Economic Theory,
Association for Public Economic Theory, vol. 4(4), pages 455-473, October.
- Udo Ebert & Patrick Moyes, 2002. "A simple axiomatization of the Foster, Greer, and Thornbecke poverty orderings," Post-Print hal-00156460, HAL.
- Thomas Piketty & Emmanuel Saez, 2003. "Income Inequality in the United States, 1913–1998," The Quarterly Journal of Economics, Oxford University Press, vol. 118(1), pages 1-41.
- Marcelo Medeiros, 2006. "Poverty, inequality and redistribution: A methodology to define the rich," Working Papers 18, International Policy Centre for Inclusive Growth.
- Birdsall, N. & Graham, C. & Pettinato, S., 2000. "Stuck in the Tunnel: Is Globalization Muddling the Middle Class?," Papers 14, Brookings Institution - Working Papers.
- Joseph Eisenhauer, 2008. "An Economic Definition of the Middle Class," Forum for Social Economics, Taylor & Francis Journals, vol. 37(2), pages 103-113, January.
- Francesco Devicienti & Valentina Gualtieri & Mariacristina Rossi, 2010.
"The Dynamics and Persistence of Poverty: Evidence from Italy,"
Carlo Alberto Notebooks
173, Collegio Carlo Alberto.
- Francesco Devicienti & Valentina Gualtieri, 2007. "The Dynamics and Persistence of Poverty: Evidence from Italy," LABORatorio R. Revelli Working Papers Series 63, LABORatorio R. Revelli, Centre for Employment Studies.
- Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2000.
"Do the Rich Save More?,"
NBER Working Papers
7906, National Bureau of Economic Research, Inc.
- Tindara Addabbo, 2000. "Poverty Dynamics: Analysis of Household Incomes in Italy," LABOUR, CEIS, vol. 14(1), pages 119-144, 03.
- Peichl, Andreas & Schaefer, Thilo & Scheicher, Christoph, 2008.
"Measuring Richness and Poverty: A Micro Data Application to Europe and Germany,"
IZA Discussion Papers
3790, Institute for the Study of Labor (IZA).
- Andreas Peichl & Thilo Schaefer & Christoph Scheicher, 2010. "Measuring Richness And Poverty: A Micro Data Application To Europe And Germany," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 56(3), pages 597-619, 09.
- G. BellettiniC Berti Ceroni, 1999.
"Income Distribution, Borrowing Constraints and Redistributive Policies,"
359, Dipartimento Scienze Economiche, Universita' di Bologna.
- Bellettini, Giorgio & Berti Ceroni, Carlotta, 2007. "Income distribution, borrowing constraints and redistributive policies," European Economic Review, Elsevier, vol. 51(3), pages 625-645, April.
- Conchita D'Ambrosio & Joseph Deutsch & Jacques Silber, 2009. "Multidimensional approaches to poverty measurement: an empirical analysis of poverty in Belgium, France, Germany, Italy and Spain, based on the European panel," Applied Economics, Taylor & Francis Journals, vol. 43(8), pages 951-961.
- Satya R. Chakravarty & Pietro Muliere, 2004. "Welfare indicators: a review and new perspectives. 2. Measurement of poverty," Metron - International Journal of Statistics, Dipartimento di Statistica, Probabilità e Statistiche Applicate - University of Rome, vol. 0(2), pages 247-281.
- Jerome Creel & Jacques Le Cacheux, 2003.
"Inflation divergence and public deficits in a monetary union,"
Documents de Travail de l'OFCE
2003-05, Observatoire Francais des Conjonctures Economiques (OFCE).
- Jérôme Creel & Jacques Le Cacheux, 2003. "Inflation Divergence and Public Deficits In an Monetary Union," Working Papers hal-01065062, HAL.
- Jérôme Creel & Jacques Le Cacheux, 2003. "Inflation Divergence and Public Deficits In an Monetary Union," Sciences Po publications N° 2003-05, Sciences Po.
- Joseph Eisenhauer, 2008. "An Economic Definition of the Middle Class," Forum for Social Economics, Springer, vol. 37(2), pages 103-113, August.
- John C. Weicher, 1997. "The rich and the poor: demographics of the U.S. wealth distribution," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 25-37.
- Alworth, Julian & Arachi, Giampaolo & Hamaui, Rony, 2003. ""What's Come to Perfection Perishes*": Adjusting Capital Gains Taxation in Italy," National Tax Journal, National Tax Association, vol. 56(1), pages 197-219, March.
- Paola Profeta, 2007. "Political support and tax reforms with an application to Italy," Public Choice, Springer, vol. 131(1), pages 141-155, April.
- Richard ANKER, 2006. "Poverty lines around the world: A new methodology and internationally comparable estimates," International Labour Review, International Labour Organization, vol. 145(4), pages 279-307, December.
- Foster, James & Greer, Joel & Thorbecke, Erik, 1984. "A Class of Decomposable Poverty Measures," Econometrica, Econometric Society, vol. 52(3), pages 761-66, May.
- Tito Boeri & Andrea Brandolini, 2004.
"The Age of Discontent: Italian Households at the Beginning of the Decade,"
Giornale degli Economisti,
GDE (Giornale degli Economisti e Annali di Economia), Bocconi University, vol. 63(3-4), pages 449-487, December.
- Boeri, Tito & Brandolini, Andrea, 2005. "The Age of Discontent: Italian Households at the Beginning of the Decade," IZA Discussion Papers 1530, Institute for the Study of Labor (IZA).
- Chiara GIGLIARANO & Karl MOSLER, 2009. "Measuring middle-class decline in one and many attributes," Working Papers 333, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
- Riccardo Massari & Maria Pittau & Roberto Zelli, 2009. "A dwindling middle class? Italian evidence in the 2000s," Journal of Economic Inequality, Springer, vol. 7(4), pages 333-350, December.
When requesting a correction, please mention this item's handle: RePEc:eee:reecon:v:65:y:2011:i:4:p:294-304. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.