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The Monetary Approach to Poverty: A Survey of Concepts and Methods

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  • Caterina Ruggeri Laderchi

Abstract

This paper will briefly survey the monetary approach to poverty measurement - a set of techniques and methodologies, adopted mostly by economists, based on the identification of poverty with a shortfall in a monetary indicator and the "objective" derivation of a poverty line. In order to describe these methodologies, the underlying rationale and the factors which have contributed to the current shape of this "approach", we will start by discussing the origins of such an approach. This will allow us to substantiate our claim about the peculiar and measurement driven nature of this approach to the definition of poverty, as well as critically to assess the extent to which the "objectivity" of the methods makes the results immune from value judgements. Further, it will allow us to identify some crucial features of this approach, which will be discussed with respect to current developments in the literature. A particular emphasis will be placed on identifying the key issues which need to be addressed in the context of comparisons across investigations

Suggested Citation

  • Caterina Ruggeri Laderchi, "undated". "The Monetary Approach to Poverty: A Survey of Concepts and Methods," QEH Working Papers qehwps58, Queen Elizabeth House, University of Oxford.
  • Handle: RePEc:qeh:qehwps:qehwps58
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    Cited by:

    1. Ruhi Saith, "undated". "Social Exclusion: the Concept and Application to Developing Countries," QEH Working Papers qehwps72, Queen Elizabeth House, University of Oxford.
    2. Patricia Justino & Julie Litchfield, 2003. "Welfare in Vietnam During the 1990s: Poverty, Inequality and Poverty Dynamics," PRUS Working Papers 08, Poverty Research Unit at Sussex, University of Sussex.
    3. Ruhi Saith, "undated". "Capabilities: the Concept and its Operationalisation," QEH Working Papers qehwps66, Queen Elizabeth House, University of Oxford.
    4. Caterina Ruggeri Laderchi & Ruhi Saith & Frances Stewart, 2003. "Does it Matter that we do not Agree on the Definition of Poverty? A Comparison of Four Approaches," Oxford Development Studies, Taylor & Francis Journals, vol. 31(3), pages 243-274.
    5. Szeles, Monica, 2004. "Multidimensional Poverty Comparisons within Europe. Evidence from the European Community Household Panel," IRISS Working Paper Series 2004-05, IRISS at CEPS/INSTEAD.

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