IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/20574_38.html
   My bibliography  Save this book chapter

The measurement of asset and wealth poverty

In: Research Handbook on Measuring Poverty and Deprivation

Author

Listed:
  • Francisco Azpitarte
  • Gaston Yalonetzky

Abstract

Despite its important contribution to household economic well-being, wealth is at best only partially considered in standard poverty analysis based on income measures. The aim of this chapter is to provide a brief overview of the main approaches to the measurement of wealth poverty and the integration of wealth into the measurement of economic well-being. These include measures of economic vulnerability, joint income-wealth measures derived using the annuity method, and the asset-index approach. We discuss those approaches and the measures ensuing from them, as well as their empirical applications and the key insights into the wealth dimension of poverty gained from them.

Suggested Citation

  • Francisco Azpitarte & Gaston Yalonetzky, 2023. "The measurement of asset and wealth poverty," Chapters, in: Jacques Silber (ed.), Research Handbook on Measuring Poverty and Deprivation, chapter 38, pages 410-419, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20574_38
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/edcoll/9781800883451/9781800883451.00052.xml
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dutta, Indranil & Nogales, Ricardo & Yalonetzky, Gaston, 2021. "Endogenous weights and multidimensional poverty: A cautionary tale," Journal of Development Economics, Elsevier, vol. 151(C).
    2. World Bank, 2020. "Poverty and Shared Prosperity 2020," World Bank Publications - Books, The World Bank Group, number 34496, December.
    3. Annamaria Lusardi & Daniel Schneider & Peter Tufano, 2011. "Financially Fragile Households: Evidence and Implications," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 42(1 (Spring), pages 83-150.
    4. 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.
    5. Asena Caner & Edward N. Wolff, 2004. "Asset Poverty In The United States, 1984–99: Evidence From The Panel Study Of Income Dynamics," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 50(4), pages 493-518, December.
    6. Sahn, David E. & Stifel, David C., 2000. "Poverty Comparisons Over Time and Across Countries in Africa," World Development, Elsevier, vol. 28(12), pages 2123-2155, December.
    7. Deon Filmer & Kinnon Scott, 2012. "Assessing Asset Indices," Demography, Springer;Population Association of America (PAA), vol. 49(1), pages 359-392, February.
    8. Deon Filmer & Lant Pritchett, 2001. "Estimating Wealth Effects Without Expenditure Data—Or Tears: An Application To Educational Enrollments In States Of India," Demography, Springer;Population Association of America (PAA), vol. 38(1), pages 115-132, February.
    9. Joachim R. Frick & Markus M. Grabka, 2003. "Imputed Rent and Income Inequality: A Decomposition Analysis for Great Britain, West Germany and the U.S," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 49(4), pages 513-537, December.
    10. Kathleen Short & Patricia Ruggles, 2005. "Experimental Measures of Poverty and Net Worth: 1996," Journal of Income Distribution, Ad libros publications inc., vol. 13(3-4), pages 1-1, November.
    11. David Gallusser & Matthias Krapf, 2019. "Joint Income-Wealth Inequality: An Application Using Administrative Tax Data," CESifo Working Paper Series 7876, CESifo.
    12. James Poterba & Steven Venti & David Wise, 2011. "The Composition and Drawdown of Wealth in Retirement," Journal of Economic Perspectives, American Economic Association, vol. 25(4), pages 95-118, Fall.
    13. Koen Decancq & María Ana Lugo, 2013. "Weights in Multidimensional Indices of Wellbeing: An Overview," Econometric Reviews, Taylor & Francis Journals, vol. 32(1), pages 7-34, January.
    14. Terri Friedline & Zibei Chen & So’Phelia Morrow, 2021. "Families’ Financial Stress & Well-Being: The Importance of the Economy and Economic Environments," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 34-51, July.
    15. Francisco Azpitarte, 2011. "Measurement and identification of asset-poor households: a cross-national comparison of Spain and the United Kingdom," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(1), pages 87-110, March.
    16. Christopher B. Barrett & Teevrat Garg & Linden McBride, 2016. "Well-Being Dynamics and Poverty Traps," Annual Review of Resource Economics, Annual Reviews, vol. 8(1), pages 303-327, October.
    17. Deon Filmer & Lant Pritchett, 1999. "The Effect of Household Wealth on Educational Attainment: Evidence from 35 Countries," Population and Development Review, The Population Council, Inc., vol. 25(1), pages 85-120, March.
    18. Sarah Kuypers & Ive Marx, 2018. "Estimation of Joint Income-Wealth Poverty: A Sensitivity Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(1), pages 117-137, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Netta Achdut & Lea Achdut, 2022. "Joint Income-Wealth Poverty in a Cross-National Perspective: The Role of Country-Level Indicators," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(1), pages 499-541, November.
    2. Lovaton Davila, Rodrigo & McCarthy, Aine Seitz & Gondwe, Dorothy & Kirdruang, Phatta & Sharma, Uttam, 2022. "Water, walls, and bicycles: wealth index composition using census microdata," Journal of Demographic Economics, Cambridge University Press, vol. 88(1), pages 79-120, March.
    3. Kuypers, Sarah & Marx, Ive, 2016. "Estimation of Joint Income? Wealth Poverty: A Sensitivity Analysis," IZA Discussion Papers 10391, Institute of Labor Economics (IZA).
    4. Sarah Kuypers & Ive Marx, 2018. "Estimation of Joint Income-Wealth Poverty: A Sensitivity Analysis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(1), pages 117-137, February.
    5. Jun-Hong Chen & Chi-Fang Wu & Minchao Jin, 2023. "How are Income and Assets Associated with Food Insecurity? An Application of the Growth Mixture Modeling," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 165(3), pages 959-973, February.
    6. Lih-Shing Chan & Kee-Lee Chou, 2018. "A Survey of Asset Poverty Among Older Adults of Hong Kong," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 138(2), pages 605-622, July.
    7. Milo Vandemoortele, 2014. "Measuring Household Wealth with Latent Trait Modelling: An Application to Malawian DHS Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 118(2), pages 877-891, September.
    8. Janina Isabel Steinert & Lucie Dale Cluver & G. J. Melendez-Torres & Sebastian Vollmer, 2018. "One Size Fits All? The Validity of a Composite Poverty Index Across Urban and Rural Households in South Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(1), pages 51-72, February.
    9. Mausumi Mahapatro & Deborah Johnston, 2020. "Imperfection Measures and the Production of Poverty: A Case Study of the Use of the Asset Index in Bangladesh," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 152(2), pages 513-531, November.
    10. Grimm, Michael & Harttgen, Kenneth & Klasen, Stephan & Misselhorn, Mark, 2008. "A Human Development Index by Income Groups," World Development, Elsevier, vol. 36(12), pages 2527-2546, December.
    11. Bérenger, Valérie & Deutsch, Joseph & Silber, Jacques, 2013. "Durable goods, access to services and the derivation of an asset index: Comparing two methodologies and three countries," Economic Modelling, Elsevier, vol. 35(C), pages 881-891.
    12. Luisa Natali & Marta Moratti, 2012. "Measuring Household Welfare: Short versus long consumption modules," Papers inwopa671, Innocenti Working Papers.
    13. Eliana Jimenez & Ignacio Correa-Valez & Richard P.C. Brown, 2008. "Wealthy and Healthy in the South Pacific," Discussion Papers Series 378, School of Economics, University of Queensland, Australia.
    14. David Gallusser & Matthias Krapf, 2022. "Joint Income-Wealth Inequality: Evidence from Lucerne Tax Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 251-295, August.
    15. Shifa, Muna & Leibbrandt, Murray, 2021. "Spatial Inequality in Sub-Saharan Africa," EconStor Preprints 244591, ZBW - Leibniz Information Centre for Economics.
    16. Fernandes, Cristina & Fernandes, Cristina & Crespo, Nuno & Simoes, Nadia, 2016. "Poverty, richness, and inequality: Evidence for Portugal using a housing comfort index," Journal of Economic and Social Measurement, IOS Press, issue 4, pages 371-394.
    17. Mark Montgomery & Paul C. Hewett, 2005. "Poverty and Children's Schooling in Urban and Rural Senegal," Department of Economics Working Papers 05-08, Stony Brook University, Department of Economics.
    18. Dekker, Marlieen, 2008. "Estimating Wealth effects without expenditure Data: Evidence From rural Ethiopia," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 15(1), pages 1-85, May.
    19. Kenneth Harttgen & Stephan Klasen & Sebastian Vollmer, 2013. "An African Growth Miracle? Or: What do Asset Indices Tell Us About Trends in Economic Performance?," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 59, pages 37-61, October.
    20. Malo, Miguel Á. & Sciulli, Dario, 2023. "Expected wealth transfers and consumption across the wealth distribution in Europe," Economic Modelling, Elsevier, vol. 126(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:elg:eechap:20574_38. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.