AXIOMATICALLY SOUND POVERTY MEASUREMENT WITH SCARCE DATA AND PRICE DISPERSION

Christophe Muller

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: We derive a parametric formula of the Watts' poverty index for the bivariate lognormal distribution of price indices and nominal living standards. This enables us to analyze the contributions of price and nominal living standard distributions to poverty, to estimate poverty when only means and variances are known. We also derive a statistical inference framework. Using data from peasants in Rwanda in four quarters, we show that poverty estimates based on scarce information are generally not significantly different from nonparametric estimates based on full survey information.

Keywords: Measurement and analysis of poverty; Income distribution; Personal income distribution. (search for similar items in EconPapers)
JEL-codes: D31 I32 O15 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2007-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:2007-02

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