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Asset-based measurement of poverty

Listed author(s):
  • Andrea Brandolini

    ()

    (Bank of Italy)

  • Silvia Magri

    ()

    (Bank of Italy)

  • Timothy M. Smeeding

    ()

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

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.

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File URL: http://www.bancaditalia.it/pubblicazioni/temi-discussione/2010/2010-0755/en_tema_755.pdf
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Paper provided by Bank of Italy, Economic Research and International Relations Area in its series Temi di discussione (Economic working papers) with number 755.

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Date of creation: Mar 2010
Handle: RePEc:bdi:wptemi:td_755_10
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