A Simple Axiomatization of the Foster, Greer and Thorbecke Poverty Orderings

Udo Ebert and Patrick Moyes ()

Journal of Public Economic Theory, 2002, vol. 4, issue 4, 455-473

Abstract: The paper presents a simple characterization of the poverty orderings which are represented by a poverty measure belonging to the Foster, Greer, and Thorbecke class. All properties introduced are formulated within an ordinal framework. Furthermore, a new concept is proposed: the equivalent societal income which—if given to each individual in society—yields the same level of poverty as the actual income distribution. It is a specific indicator of the underlying poverty ordering, has attractive properties and allows us to prove the main result in a direct way.

Date: 2002
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https://doi.org/10.1111/1097-3923.00105

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Working Paper: A simple axiomatization of the Foster, Greer, and Thornbecke poverty orderings (2002)
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