On Multidimensional Indices of Poverty

The contribution of recent "multidimensional indices of poverty" may not be as obvious as one thinks. There are two issues in assessing that contribution: whether one believes that a single index can ever be a sufficient statistic of poverty, and whether one aggregates in the space of &quo...

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Main Author:	Ravallion, Martin
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Index Numbers and Aggregation leading indicators C430 Measurement and Analysis of Poverty I320
Online Access:	http://hdl.handle.net/10986/4875

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recordtype	oai_dc
spelling	okr-10986-48752021-04-23T14:02:20Z On Multidimensional Indices of Poverty Ravallion, Martin Index Numbers and Aggregation leading indicators C430 Measurement and Analysis of Poverty I320 The contribution of recent "multidimensional indices of poverty" may not be as obvious as one thinks. There are two issues in assessing that contribution: whether one believes that a single index can ever be a sufficient statistic of poverty, and whether one aggregates in the space of "attainments," using prices when appropriate, or "deprivations," using weights set by the analyst. The paper argues that we should aim for a credible set of multiple indices rather than a single multidimensional index. Partial aggregation will still be necessary, but ideally the weights should be consistent with well-informed choices by poor people. 2012-03-30T07:30:10Z 2012-03-30T07:30:10Z 2011 Journal Article Journal of Economic Inequality 15691721 http://hdl.handle.net/10986/4875 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo 3218 World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Index Numbers and Aggregation leading indicators C430 Measurement and Analysis of Poverty I320
spellingShingle	Index Numbers and Aggregation leading indicators C430 Measurement and Analysis of Poverty I320 Ravallion, Martin On Multidimensional Indices of Poverty
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	The contribution of recent "multidimensional indices of poverty" may not be as obvious as one thinks. There are two issues in assessing that contribution: whether one believes that a single index can ever be a sufficient statistic of poverty, and whether one aggregates in the space of "attainments," using prices when appropriate, or "deprivations," using weights set by the analyst. The paper argues that we should aim for a credible set of multiple indices rather than a single multidimensional index. Partial aggregation will still be necessary, but ideally the weights should be consistent with well-informed choices by poor people.
format	Journal Article
author	Ravallion, Martin
author_facet	Ravallion, Martin
author_sort	Ravallion, Martin
title	On Multidimensional Indices of Poverty
title_short	On Multidimensional Indices of Poverty
title_full	On Multidimensional Indices of Poverty
title_fullStr	On Multidimensional Indices of Poverty
title_full_unstemmed	On Multidimensional Indices of Poverty
title_sort	on multidimensional indices of poverty
publishDate	2012
url	http://hdl.handle.net/10986/4875
_version_	1764393067818778624

On Multidimensional Indices of Poverty

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