Who are the Poor? Who are the Rich? Evidence for Portugal
International Journal of Social Economics 05/2013; 40(6):579-590. DOI: 10.1108/03068291311321866
A new and integrated approach to the measurement of inequality in income distribution, poverty, and richness was recently proposed. Based on that approach and considering data for the Portuguese economy, we estimate a multinomial model in order to identify the main determinants of the probability of a household being poor, middle class, or rich using a set of characteristics of the households and the household’s individual of reference as explanatory variables. The evidence obtained indicates that: (i) the determinants of poverty and richness are similar in qualitative terms; (ii) household type, main source of income, education, and labor market state are the most important factors explaining these phenomena.
- [Show abstract] [Hide abstract]
ABSTRACT: This study has provided the first econometric evidence that the loss of land (due to urbanization and industrialization) has no impact on the probability of a household belonging to a particular income group (poor, middle class or rich) in Hanoiʼs peri-urban areas, Vietnam. The result also revealed that farmland holding was not statistically correlated with the likelihood of the household being in a given income group. Nevertheless, other factors, including householdsʼ education, access to credit, productive assets and notably their nonfarm participation before farmland loss, were found to increase the chances of the households moving up the income ladderHitotsubashi Journal of Economics 06/2014; 55(1):189-206. · 0.04 Impact Factor
Data provided are for informational purposes only. Although carefully collected, accuracy cannot be guaranteed. The impact factor represents a rough estimation of the journal's impact factor and does not reflect the actual current impact factor. Publisher conditions are provided by RoMEO. Differing provisions from the publisher's actual policy or licence agreement may be applicable.