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.
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.:
- Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2000.
"Do the rich save more?,"
Finance and Economics Discussion Series
2000-52, Board of Governors of the Federal Reserve System (U.S.).
- Birdsall, N. & Graham, C. & Pettinato, S., 2000. "Stuck in the Tunnel: Is Globalization Muddling the Middle Class?," Papers 14, Brookings Institution - Working Papers.
- 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.
- Tindara Addabbo, 2000. "Poverty Dynamics: Analysis of Household Incomes in Italy," LABOUR, CEIS, vol. 14(1), pages 119-144, 03.
- Jérôme Creel & Jacques Le Cacheux, 2003.
"Inflation Divergence and Public Deficits In an Monetary Union,"
Sciences Po publications
N° 2003-05, Sciences Po.
- 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).
- 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.
- 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.
- 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.
- Francesco Devicienti & Valentina Gualtieri & Mariacristina Rossi, 2010. "The Dynamics and Persistence of Poverty: Evidence from Italy," Carlo Alberto Notebooks 173, Collegio Carlo Alberto.
- 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.
- 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.
- 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.
- 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.
- 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).
- 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.
- Joseph Eisenhauer, 2008. "An Economic Definition of the Middle Class," Forum for Social Economics, Taylor & Francis Journals, vol. 37(2), pages 103-113, January.
- 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.
- Joseph Eisenhauer, 2008. "An Economic Definition of the Middle Class," Forum for Social Economics, Springer, vol. 37(2), pages 103-113, August.
- Paola Profeta, 2007. "Political support and tax reforms with an application to Italy," Public Choice, Springer, vol. 131(1), pages 141-155, April.
- Foster, James & Greer, Joel & Thorbecke, Erik, 1984. "A Class of Decomposable Poverty Measures," Econometrica, Econometric Society, vol. 52(3), pages 761-66, May.
- Marcelo Medeiros, 2006. "Poverty, inequality and redistribution: A methodology to define the rich," Working Papers 18, International Policy Centre for Inclusive Growth.
- 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.
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.
If references are entirely missing, you can add them using this form.