Gauging the severity of poverty in a given country requires a reasonably comprehensive measurement of whether individuals and households are surpassing some basic threshold of material well-being. This would seem to be an obvious point, and yet, in most cases, our official poverty metrics fail...

The Levy Institute Measure of Time and Consumption Poverty (LIMTCP) is a two-dimensional measure that takes into account both the necessary consumption expenditures and the household production time needed to achieve a minimum standard of living -- factors often ignored in official poverty...

This study presents a new methodology for a two-dimesional poverty measure for Turkey taking into account necessary consumption as well as the required household production neded to achieve a minium living standard. Official poverty lines in Turkey and other countries ignore the fact that unpaid...