An integrated approach for the measurement of inequality, poverty, and richness
Autor(a) principal: | |
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Data de Publicação: | 2015 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/10640 |
Resumo: | The goal of the paper is to propose a new and integrated approach to the measurement of inequality in income distribution, poverty, and richness. The proposed set of indicators is easy to calculate and is based on a neutral inequality concept. The method 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, thereby offering important conclusions for policy action. We illustrate the application of the measures with data from Portugal, finding that: (i) 17.78% of the individuals belong to households classified as poor while 7.03% are rich and 75.19% are classified as middle class; (ii) it is necessary to redistribute 23.78% of the total income of the economy to obtain perfect equality; (iii) 2.09% of the total income in the economy is enough to eradicate poverty. |
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An integrated approach for the measurement of inequality, poverty, and richnessIncome inequalityPovertyRichnessMeasurementThe goal of the paper is to propose a new and integrated approach to the measurement of inequality in income distribution, poverty, and richness. The proposed set of indicators is easy to calculate and is based on a neutral inequality concept. The method 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, thereby offering important conclusions for policy action. We illustrate the application of the measures with data from Portugal, finding that: (i) 17.78% of the individuals belong to households classified as poor while 7.03% are rich and 75.19% are classified as middle class; (ii) it is necessary to redistribute 23.78% of the total income of the economy to obtain perfect equality; (iii) 2.09% of the total income in the economy is enough to eradicate poverty.Economists' Association of Vojvodina2016-01-13T17:43:39Z2015-01-01T00:00:00Z20152019-05-14T17:48:21Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/10640eng1452-595X10.2298/PAN1505531CCrespo, N.Moreira, S. B.Simões, N.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:30:34Zoai:repositorio.iscte-iul.pt:10071/10640Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:13:44.462116Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
An integrated approach for the measurement of inequality, poverty, and richness |
title |
An integrated approach for the measurement of inequality, poverty, and richness |
spellingShingle |
An integrated approach for the measurement of inequality, poverty, and richness Crespo, N. Income inequality Poverty Richness Measurement |
title_short |
An integrated approach for the measurement of inequality, poverty, and richness |
title_full |
An integrated approach for the measurement of inequality, poverty, and richness |
title_fullStr |
An integrated approach for the measurement of inequality, poverty, and richness |
title_full_unstemmed |
An integrated approach for the measurement of inequality, poverty, and richness |
title_sort |
An integrated approach for the measurement of inequality, poverty, and richness |
author |
Crespo, N. |
author_facet |
Crespo, N. Moreira, S. B. Simões, N. |
author_role |
author |
author2 |
Moreira, S. B. Simões, N. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Crespo, N. Moreira, S. B. Simões, N. |
dc.subject.por.fl_str_mv |
Income inequality Poverty Richness Measurement |
topic |
Income inequality Poverty Richness Measurement |
description |
The goal of the paper is to propose a new and integrated approach to the measurement of inequality in income distribution, poverty, and richness. The proposed set of indicators is easy to calculate and is based on a neutral inequality concept. The method 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, thereby offering important conclusions for policy action. We illustrate the application of the measures with data from Portugal, finding that: (i) 17.78% of the individuals belong to households classified as poor while 7.03% are rich and 75.19% are classified as middle class; (ii) it is necessary to redistribute 23.78% of the total income of the economy to obtain perfect equality; (iii) 2.09% of the total income in the economy is enough to eradicate poverty. |
publishDate |
2015 |
dc.date.none.fl_str_mv |
2015-01-01T00:00:00Z 2015 2016-01-13T17:43:39Z 2019-05-14T17:48:21Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/10640 |
url |
http://hdl.handle.net/10071/10640 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1452-595X 10.2298/PAN1505531C |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Economists' Association of Vojvodina |
publisher.none.fl_str_mv |
Economists' Association of Vojvodina |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799134693945245696 |