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Asset-Based Measurement of PovertyAndrea BrandoliniBank of Italy Silvia MagriBank of Italy Timothy M. SmeedingUniversity of Wisconsin - Madison, Robert M. La Follette School of Public Affairs November 11, 2009 Institute for Research on Poverty Discussion Paper No. 1372-10 Abstract: 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.
Number of Pages in PDF File: 41 working papers seriesDate posted: January 17, 2010Suggested CitationContact Information
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