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Asset-Based Measurement of Poverty

39 Pages Posted: 1 Sep 2010  

Andrea Brandolini

Bank of Italy

Silvia Magri

Bank of Italy

Timothy M. Smeeding

University of Wisconsin - Madison

Multiple version iconThere are 2 versions of this paper

Date Written: March 22, 2010


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.

Keywords: Poverty Indicators, Income, Wealth

JEL Classification: D13, I32

Suggested Citation

Brandolini, Andrea and Magri, Silvia and Smeeding, Timothy M., Asset-Based Measurement of Poverty (March 22, 2010). Bank of Italy Temi di Discussione (Working Paper) No. 755. Available at SSRN: or

Andrea Brandolini (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Roma, Rome 00184
+390647923568 (Phone)
+390647923720 (Fax)

Silvia Magri

Bank of Italy ( email )

Via Nazionale 91
00184 Roma

Timothy Smeeding

University of Wisconsin - Madison ( email )

1180 Observatory Drive
Madison, WI 53706
United States
608-890-1317 (Phone)
608-265-3119 (Fax)


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