The Properties of the Watts Poverty Index under Lognormality

Under lognormality assumption, we derive the parametric formula of the Watts measure, one of the main axiomatically sound poverty measures. In these conditions, we derive new properties of the Watts measure, its sensitivity to distribution parameters and its parametric standard error.

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Year of publication:	2001
Authors:	Muller, Christophe
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 9.2001, 1, p. 1-9
Publisher:	AccessEcon
Subject:	Income Distribution

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	I3 - Welfare and Poverty ; D6 - Welfare Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005110669