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An axiomatic approach to the measurement of poverty reduction failure

Authors
Journal
Economic Modelling
0264-9993
Publisher
Elsevier
Volume
35
Identifiers
DOI: 10.1016/j.econmod.2012.12.002
Keywords
  • Poverty
  • Poverty Reduction Failure
  • Axioms
  • Indices
  • Ordering
Disciplines
  • Economics
  • Mathematics

Abstract

Abstract A poverty reduction failure index is a measure of the extent of inability of a society to reduce its poverty level. This paper develops an ordering for ranking alternative income distributions in terms of poverty reduction failures. The ordering can be easily implemented by using the generalized Lorenz or the Three I's of poverty (TIP) curve dominance criterion. We also characterize an existing index of poverty reduction failure by using an axiomatic structure.

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