Measurement and identification of asset-poor households: a cross-national comparison of Spain and the United Kingdom

Azpitarte, Francisco

doi:10.1007/s10888-010-9135-2

Cited by 32 publications

(25 citation statements)

References 29 publications

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“…Hence, apart from the direct income flow they generate, the role of assets is absent (Azpitarte, 2011;Brandolini et al, 2010). Since there are also assets that generate little or no income flow this approach is not satisfying.…”

Section: Why Include Wealth In Poverty Measurement?mentioning

confidence: 99%

“…Therefore, the method of Weisbrod & Hansen (1968) to annuitize wealth is used. Wealth is converted into a flow of resources, so as to end up with an augmented income concept (Azpitarte, 2011;Brandolini et al, 2010). "Income and wealth are perfectly fungible, and one unit of wealth can be straightforwardly substituted for one unit of income" (Brandolini et al, 2010, p.269).…”

Section: How Include Wealth In Poverty Measurement?mentioning

confidence: 99%

“…141-142 & 178;Jäntti et al, 2013). Equivalence scales for wealth are also used by Azpitarte (2012Azpitarte ( , 2011 and Brandolini et al (2010). In our baseline indicators the square root equivalence scale for both income and wealth was implemented.…”

Section: Other Measurement Issuesmentioning

confidence: 99%

“…Households that can smooth out consumption by relying on savings and assets, loans or the financial help of others are clearly better off than households who do not have these opportunities. Yet, apart from the direct income flows they may generate, traditional poverty measures often disregard the role of such assets (Azpitarte, 2011;Brandolini et al, 2010). In contrast, financial liabilities may make households more economically vulnerable than their incomes suggest.…”

Section: Introductionmentioning

confidence: 99%

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Estimation of Joint Income-Wealth Poverty: A Sensitivity Analysis

Kuypers

Marx

2016

Soc Indic Res

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Most poverty studies build on measures that take account of recurring incomes from sources such as labour or social transfers. However, other financial resources such as savings and assets also affect living standards, often in very significant ways. Previous studies that have sought to incorporate assets into poverty measures suggest that (1) poverty estimates including wealth are considerably lower than income-based measures; (2) poverty rates of the elderly are more affected than those of the nonelderly and (3) poverty rates are especially affected by the household's main residence. This paper assesses the sensitivity of these conclusions to various plausible alternative assumptions, such as the poverty line calculation, the types of assets included in the wealth concept and choices with respect to the equivalence scale. Moreover, we check whether the impact of alternative assumptions is consistent across age and institutional settings. To that effect we compare Belgium and Germany, two countries with similar living standards and income poverty rates, but very different levels and distributions of wealth. Using data from the HFCS we show that accounting for wealth affects the incidence and age structure of poverty in a very substantial way. Country comparisons are also affected in very substantial ways. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E S Estimation of JointJEL Classification: I32

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Section: Why Include Wealth In Poverty Measurement?mentioning

confidence: 99%

Section: How Include Wealth In Poverty Measurement?mentioning

confidence: 99%

Section: Other Measurement Issuesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Estimation of Joint Income-Wealth Poverty: A Sensitivity Analysis

Kuypers

Marx

2016

Soc Indic Res

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“…A more relevant issue, however, is that we are not considering the potentially different capacities of American and Spanish households to use liquid financial wealth to cover their income losses. It has been largely documented, both for the US and Spain, that low-income households hold much lower levels of financial wealth than middle-or high-income households (Azpitarte, 2011(Azpitarte, , 2012. Moreover, credit markets are often unavailable during a deep recession, and household income in general has been consistently shown to be positively correlated with individuals' access to credit markets in order to cover any unexpected income shock (Jappelli, 1990;Kempson, 1996).…”

mentioning

confidence: 99%

The Contribution of Income Mobility to Economic Insecurity in the US and Spain during the Great Recession

Cantó¹,

Ruiz²

2015

Measurement of Poverty, Deprivation, and Economic Mobility

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If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service information about how to choose which publication to write for and submission guidelines are available for all. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.comEmerald is a global publisher linking research and practice to the benefit of society. The company manages a portfolio of more than 290 journals and over 2,350 books and book series volumes, as well as providing an extensive range of online products and additional customer resources and services.Emerald is both COUNTER 4 and TRANSFER compliant. The organization is a partner of the Committee on Publication Ethics (COPE) and also works with Portico and the LOCKSS initiative for digital archive preservation. ABSTRACTRecent evidence on the impact of the crisis on developed countries shows that changes in income inequality and poverty have been relatively small in spite of the macroeconomic heterogeneity of the recession across different economies. However, when evaluating individual perceptions linked to the crisis any changes in the chances to scale up or lose ground in the income ladder are also crucial. Our aim in this paper is to analyze to what extent the recession has had an impact on individual equivalent incomes and, in particular, on the prevalence of downward mobility in two developed countries where job losses have been large. We find that income losses have increased, particularly in Spain, and while age and education are key determinants of the probability of experiencing an income loss in both countries, the presence of children only increases the probability of an income loss in Spain.

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