An integrated approach for the measurement of inequality, poverty and richness

We propose a new and integrated approach to the measurement of inequality in income distribution, poverty, and richness. In the context of the poverty and richness measures, we consider the three dimensions usually analysed – incidence, intensity, and severity. The proposed broad set of indicators i...

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Detalhes bibliográficos
Autor principal: Crespo, Nuno (author)
Outros Autores: Moreira, Sandrina Berthault (author), Simões, Nádia (author)
Formato: article
Idioma:eng
Publicado em: 2013
Assuntos:
Texto completo:http://hdl.handle.net/10400.26/4436
País:Portugal
Oai:oai:comum.rcaap.pt:10400.26/4436
Descrição
Resumo:We propose a new and integrated approach to the measurement of inequality in income distribution, poverty, and richness. In the context of the poverty and richness measures, we consider the three dimensions usually analysed – incidence, intensity, and severity. The proposed broad set of indicators is easy to calculate and is based on a neutral income inequality concept. The method also allows an objective interpretation of the values for each measure, a decomposition according to households’ characteristics, and an immediate comparison of the results between countries and time periods. We illustrate the application of the measures with data from Portugal.