This seminar will be conducted through Zoom. Please register to join this seminar. You will then receive an email with the dial in details. Please check your spam/junk folders.
The meeting is set up so that you will join muted and without video. You will be held in a virtual waiting room until the speaker is ready to start. There will be time at the end for a Q&A session. Please use the 'raise your hand' function and the presenter will unmute you. A video on how to do this is here.
With the speakers permission, we will be recording the presentation portion of this talk. The Q&A will not be recorded and any Chat will not be saved. We will make these talks available upon request via a password protected/time sensitive link. To request a copy of the recording please email firstname.lastname@example.org.
The methodology currently used to measure poverty in the European Union faces some important limitations. Importantly, capturing the major aspects of poverty is done using a dashboard of indicators, which often tell conflicting stories. We propose a new income-based measure of poverty for Europe that captures in a consistent way the level of relative poverty, the intensity of poverty, poverty with a threshold anchored in time and a pan-European perspective of poverty in a single indicator. To do so, we work with a recently developed poverty index, the Extended Headcount ratio (EHC), and derive the relevant poverty lines to apply the index to poverty in Europe. We show empirically that our measure consistently captures the aspects typically monitored using a variety of indicators, and yield rankings that seem more aligned with intuitions than those obtained by these individual indicators. According to our measure, Eastern Europe is much poorer than Southern Europe, which, in turn, is much poorer than North-Western Europe. The evolution of our measure over time correlates most strongly with the at-risk-of-poverty rate in North-Western Europe and correlates most strongly with at-risk-of-poverty with the threshold anchored in time in Southern and Eastern Europe.