RCSSCI 220 Chapter Notes - Chapter 2: Property Income, Child Poverty, Luxembourg Income Study
30 Sep 2016
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Document Summary
Studies on income and poverty between nations is very difficult. Almost non-existent before the luxembourg income study (lis) Lis was created in 1983 and is a standard process. Covers topics from income, benefits, property income, lottery winnings. As well as demographic information: ethnicity, education, occupation, etc. 3 major questions in order to standardize data. Relative consensus that because a household shares income (generally), that is a better metric. Can either use oecd scale which accounts for the number of people, whether they are children or adults, and the age of the children. Or, the lis uses a scale that doesn"t account for age. Doesn"t assume consumer debt burden from previous borrowing. European commission thus uses a relative model. Us poverty compared to other nations is extremely high (among non-diverse nations) Overall poverty rate in 2003 of 17. 3% Child poverty rates often mirror the overall poverty rate. Exceptions in nations with strong child assistance programs.
