A comparison of poverty and welfare measures
The relatively widespread use of poverty measures is analysed and their properties compared with other definitions of welfare. Using a synthetic data set but one which shares some properties of the Irish income distribution of 1987, a number of changes in incomes are simulated and their impact upon a variety of poverty and welfare measures is analysed. It is argued that abbreviated welfare measures may summarise better what it is that concerns economists about poverty than do conventional poverty measures.
|Date of creation:||Mar 1997|
|Date of revision:|
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- Tim Callan & Brian Nolan, 1987.
"Concepts of Poverty and the Poverty Line,"
WP002, Economic and Social Research Institute (ESRI).
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- Shorrocks, Anthony F, 1995. "Revisiting the Sen Poverty Index," Econometrica, Econometric Society, vol. 63(5), pages 1225-30, September.
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