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Revisiting poverty and welfare dominance

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  • Gian Maria Tomat

Abstract

This paper provides a review of the theory of the measurement of poverty. The axiomatic theory is described and axiomatic properties of poverty indexes are related to assumptions on their functional form. The notion of poverty ordering is then introduced and the relations between the poverty orderings that can be defined from classes of poverty indexes with well defined functional form properties and the notions of first order and second order stochastic dominance are reviewed.

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  • Gian Maria Tomat, 2014. "Revisiting poverty and welfare dominance," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2014(2), pages 125-149.
    • Handle: RePEc:fan:epepep:v:html10.3280/ep2014-002005
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    More about this item

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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