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Poverty and Time

In: Poverty, Social Exclusion and Stochastic Dominance

Author

Listed:
  • Walter Bossert

    (University of Montreal)

  • Satya R. Chakravarty

    (Indian Statistical Institute)

  • Conchita D’Ambrosio

    (Université du Luxembourg)

Abstract

We examine the measurement of individual poverty in an intertemporal context. Our aim is to capture the importance of persistence in a state of poverty and we characterize a corresponding individual intertemporal poverty measure. Our first axiom requires that intertemporal poverty is identical to static poverty in the degenerate single-period case. The remaining two properties express decomposability requirements within poverty spells and across spells in order to reflect the persistence issue. In addition, we axiomatize an aggregation procedure to obtain an intertemporal poverty measure for societies and we illustrate our new index with an application to EU countries.

Suggested Citation

  • Walter Bossert & Satya R. Chakravarty & Conchita D’Ambrosio, 2019. "Poverty and Time," Themes in Economics, in: Satya R. Chakravarty (ed.), Poverty, Social Exclusion and Stochastic Dominance, pages 63-82, Springer.
    • Handle: RePEc:spr:thechp:978-981-13-3432-0_6
    DOI: 10.1007/978-981-13-3432-0_6
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    Other versions of this item:

    • BOSSERT, Walter & CHAKRAVARTY, Satya R. & D’AMBROSIO, Conchita, 2008. "Poverty and Time," Cahiers de recherche 2008-05, Universite de Montreal, Departement de sciences economiques.
    • Walter Bossert & Satya R. Chakravarty & Conchita D’Ambrosio, 2008. "Poverty and Time," Working Papers 87, ECINEQ, Society for the Study of Economic Inequality.
    • Walter Bossert & Satya R. Chakravarty & Conchita D'Ambrosio, 2010. "Poverty and Time," WIDER Working Paper Series wp-2010-074, World Institute for Development Economic Research (UNU-WIDER).
    • BOSSERT, Walter & CHAKRAVARTY, Satya R. & D’AMBROSIO, Conchita, 2008. "Poverty and Time," Cahiers de recherche 05-2008, Centre interuniversitaire de recherche en économie quantitative, CIREQ.

    More about this item

    Keywords

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    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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