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The main poverty line used in the OECD and the European Union is a relative poverty measure based on 60% of the median household income. The United States uses an absolute poverty measure based on the U.S. Department of Agriculture's "economy food plan", adjusted for inflation. The World Bank also defines poverty in absolute terms.
Multidimensional Poverty Indices uses a range of indicators to calculate a summary poverty figure for a given population, in which a larger figure indicates a higher level of poverty. This figure considers both the proportion of the population that is deemed poor and the 'breadth' of poverty experienced by these 'poor' households, following the ...
Indicators used are: Probability at birth of not surviving to age 60 (% of cohort), 2000–2005. Varies from 7.1% for Japan to 11.8% for the USA. This is the indicator that is best known for all countries (including the ones not on the list). The US has specific values associated with disease characteristics of poverty.
A deprivation index or poverty index (or index of deprivation or index of poverty) is a data set to measure relative deprivation (a measure of poverty) of small areas. Such indices are used in spatial epidemiology to identify socio-economic confounding .
The index considers the health, education, income and living conditions in a given country to provide a measure of human development which is comparable between countries and over time. [1] [2] The HDI is the most widely used indicator of human development and has changed how people view the concept.
Break down by dimension/indicator. the measure can be broken down (decomposed) after identification to show which deprivations are driving poverty among and within groups. Compare across time. the measure can be used to monitor changes in poverty and the composition of poverty over time using time series or panel data. The Alkire Foster method ...
The Multidimensional Poverty Index (MPI): The 2010 Report featured a new multidimensional poverty measure that complements income-based poverty assessments by looking at multiple factors at the household level, from basic living standards to access to schooling, clean water and health care. About 1.7 billion people—fully a third of the ...
The Foster–Greer–Thorbecke indices are a family of poverty metrics.The most commonly used index from the family, FGT 2, puts higher weight on the poverty of the poorest individuals, making it a combined measure of poverty and income inequality and a popular choice within development economics.