Time and Consumption Poverty in Turkey

Thomas Masterson, Emel Memis and Ajit Zacharias

Economics One-Pager Archive from Levy Economics Institute

Abstract: The Levy Institute Measure of Time and Consumption Poverty (LIMTCP) is a two-dimensional measure that takes into account both the necessary consumption expenditures and the household production time needed to achieve a minimum standard of living -- factors often ignored in official poverty measures. In the case of Turkey, application of the LIMTCP reveals an additional 7.6 million people living in poverty, resulting in a poverty rate that is a full 10 percentage points higher than the official rate of 30 percent.

Date: 2014-02
New Economics Papers: this item is included in nep-ara, nep-cwa and nep-pke
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