Measuring lifetime poverty
Michael Hoy () and
Journal of Economic Theory, 2011, vol. 146, issue 6, 2544-2562
This paper presents an axiomatic framework for measuring lifetime poverty over multiple periods. For an individual, we argue that lifetime poverty is influenced by both the “snapshot” poverty of each period and the poverty level of the “permanent” lifetime consumption; it is also influenced by how poverty spells are distributed over the lifetime. We axiomatically characterize classes of lifetime poverty indices and derive dominance conditions of poverty orderings for both individual and societal lifetime poverty measurements.
Keywords: Lifetime poverty; Snapshot poverty; Chronic poverty; Poverty measurement (search for similar items in EconPapers)
JEL-codes: I32 (search for similar items in EconPapers)
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Working Paper: Measuring Lifetime Poverty (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:146:y:2011:i:6:p:2544-2562
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