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Asset-based measurement of poverty

Author

Listed:
  • Andrea Brandolini

    (Bank of Italy, Department for Structural Economic Analysis)

  • Silvia Magri

    (Bank of Italy, Department for Structural Economic Analysis)

  • Timothy M. Smeeding

    (Institute for Research on Poverty and La Follette School of Public Affairs, University of Wisconsin-Madison)

Abstract

Poverty is generally defined as income or expenditure insufficiency, but the economic condition of a household also depends on its real and financial asset holdings. This paper investigates measures of poverty that rely on indicators of household net worth. We review and assess two main approaches followed in the literature: income-net worth measures and asset-poverty. We provide fresh cross-national evidence based on data from the Luxembourg Wealth Study. © 2010 by the Association for Public Policy Analysis and Management.

Suggested Citation

  • Andrea Brandolini & Silvia Magri & Timothy M. Smeeding, 2010. "Asset-based measurement of poverty," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 29(2), pages 267-284.
  • Handle: RePEc:wly:jpamgt:v:29:y:2010:i:2:p:267-284
    DOI: 10.1002/pam.20491
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    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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