Asset-Based Measurement of Poverty
39 Pages Posted: 1 Sep 2010
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: Suggested Citation