Measuring lifetime poverty

descriptionPublicationkeyboard_double_arrow_right Article , Preprint 01 Nov 2011 English Publisher:Elsevier BVJournal:Journal of Economic Theory, volume 146, pages 2,544-2,562 (issn: 0022-0531,

Copyright policy )Funded by:SSHRC | unidentified

Authors: Michael Hoy; Buhong Zheng;

doi: 10.1016/j.jet.2011.10.011

Measuring lifetime poverty

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Abstract

The paper provides an axiomatic framework necessary to investigate the lifetime poverty for an individual as well as for the society, and to identify the appropriate axioms for their measurement. It further suggests that consumption rather than income is a more accurate measurement of the standard of living over time, especially in the context of accounting for an individual's consumption or income over a lifetime.

Related Organizations

UNIVERSITY OF GUELPH
University of Guelph
Department of Economics
Indonesia
University of Guelph
University of Colorado Denver
United States

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Keywords

Lifetime poverty, snapshot poverty, chronic poverty, poverty measurement., poverty measurement, Statistical methods; economic indices and measures, lifetime poverty, jel: jel:I32

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