Asset‐based measurement of poverty

In: Journal of policy analysis and management: the journal of the Association for Public Policy Analysis and Management, Band 29, Heft 2, S. 267-284

Abstract

AbstractPoverty is generally defined as income or expenditure insufficiency, but the economic condition of a household also depends on its real and financial asset holdings. This paper investigates measures of poverty that rely on indicators of household net worth. We review and assess two main approaches followed in the literature: income–net worth measures and asset‐poverty. We provide fresh cross‐national evidence based on data from the Luxembourg Wealth Study. © 2010 by the Association for Public Policy Analysis and Management.