Search results
Results from the WOW.Com Content Network
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.
Sen poverty measure combines the Gini coefficient for people living below the poverty line with headcount ration of poverty and the average income of these below the poverty line. [20] This measure has been developed by Nobel Prize winner Amartya Sen but has not yet been used in the field of income inequality hypothesis.
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.
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.
For example, a low-income state like Mississippi — where the median income for an individual is the lowest in the country at $47,446 — also has the highest rate of persistent poverty at 24.4% ...
Multidimensional poverty encompasses a range of deprivations that a household may suffer. The number of indicators and specific indicators used depend on the purpose of the measure. Common purposes include national poverty measures that reflect changes over time, targeting of services or conditional cash transfers and monitoring and evaluation ...
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 .