A.K. Sen's poverty index
Understand the Problem
The question is asking about A.K. Sen's poverty index, which pertains to his work in economics and social welfare. It likely seeks to understand the concept or application of this index in measuring poverty.
Answer
A.K. Sen's poverty index considers poverty incidence, intensity, and inequality.
A.K. Sen's poverty index, also known as the Sen index, incorporates both the incidence and intensity of poverty, using a combination of the headcount ratio and the Gini coefficient to account for inequality among the poor.
Answer for screen readers
A.K. Sen's poverty index, also known as the Sen index, incorporates both the incidence and intensity of poverty, using a combination of the headcount ratio and the Gini coefficient to account for inequality among the poor.
More Information
A.K. Sen's poverty index was groundbreaking as it shifted the focus of poverty measurement from just the sheer number of people below a poverty line (i.e., the headcount ratio) to a more nuanced understanding that considers inequality and intensity of poverty among the poor. This approach provides a more comprehensive picture of poverty and informs more effective policy design.
Tips
A common mistake is to overlook the inequality component of Sen's index, which distinguishes it from simpler measures like the headcount ratio.
Sources
- Revisiting the Sen Poverty Index - jstor.org
- On Sen's Approach to Poverty Measures and Recent Developments - faculty.economics.dal.ca
- A class of generalized Sen poverty indices - sciencedirect.com
