Poverty without poverty line
I propose a new cardinal measure of poverty, which builds on the intuitive notion that a person with half the income of another is twice as poor. Mathematically, this implies that poverty is the reciprocal of income. The resulting aggregate measure has a simple interpretation: it is the average numb...
| 第一著者: | |
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| フォーマット: | Working paper |
| 言語: | English |
| 出版事項: |
University of Oxford
2024
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| _version_ | 1826314592476725248 |
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| author | Sterck, O |
| author_facet | Sterck, O |
| author_sort | Sterck, O |
| collection | OXFORD |
| description | I propose a new cardinal measure of poverty, which builds on the intuitive notion that a person with half the income of another is twice as poor. Mathematically, this implies that poverty is the reciprocal of income. The resulting aggregate measure has a simple interpretation: it is the average number of days needed to get a reference level of income. I call the measure average poorness, to reflect the fact that poverty is a spectrum and not a binary status. The new measure has excellent properties, being additively decomposable in population subgroups, fully accounting for the depth and severity of poverty, and generating orderings and comparisons that are robust to the choice of reference level of income. Using data from a survey experiment, I show that the new measure is consistent with how a majority of experts and members of the public think about poverty. |
| first_indexed | 2024-12-09T03:09:27Z |
| format | Working paper |
| id | oxford-uuid:501e8eb8-3ce7-4ac0-9d09-03b7cecfd16b |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-12-09T03:09:27Z |
| publishDate | 2024 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:501e8eb8-3ce7-4ac0-9d09-03b7cecfd16b2024-10-01T14:29:38ZPoverty without poverty lineWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:501e8eb8-3ce7-4ac0-9d09-03b7cecfd16bEnglishSymplectic ElementsUniversity of Oxford2024Sterck, OI propose a new cardinal measure of poverty, which builds on the intuitive notion that a person with half the income of another is twice as poor. Mathematically, this implies that poverty is the reciprocal of income. The resulting aggregate measure has a simple interpretation: it is the average number of days needed to get a reference level of income. I call the measure average poorness, to reflect the fact that poverty is a spectrum and not a binary status. The new measure has excellent properties, being additively decomposable in population subgroups, fully accounting for the depth and severity of poverty, and generating orderings and comparisons that are robust to the choice of reference level of income. Using data from a survey experiment, I show that the new measure is consistent with how a majority of experts and members of the public think about poverty. |
| spellingShingle | Sterck, O Poverty without poverty line |
| title | Poverty without poverty line |
| title_full | Poverty without poverty line |
| title_fullStr | Poverty without poverty line |
| title_full_unstemmed | Poverty without poverty line |
| title_short | Poverty without poverty line |
| title_sort | poverty without poverty line |
| work_keys_str_mv | AT stercko povertywithoutpovertyline |