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What is Relative Poverty

Chapter 8
Handbook of Research on Behavioral Finance and Investment Strategies: Decision Making in the Financial Industry
Poverty can be defined and measured in various ways. The most commonly used approach is relative income poverty. Each household’s income, adjusted for family size, is compared to median income. (The median is the “middle” income: half of people have more than the median and half have less.). Those with less than 60 per cent of median income are classified as poor. This ‘poverty line’ is the agreed international measure used throughout the European Union.
Published in Chapter:
Measuring the Poverty of Elderly People with Needs Analysis in Turkey
Emine Özmete (Ankara University, Turkey)
Copyright: © 2015 |Pages: 20
DOI: 10.4018/978-1-4666-7484-4.ch008
Abstract
This study aimed to analyze the economic, social, and cultural needs of elderly people to determine the poverty thereof in Ankara (the capital city of Turkey).The economic, social, and cultural needs of individuals, which are among the indicators taken into consideration by United Nations Development Programme (UNDP) in measurement of human poverty index, were subject to research in measurement of poverty of elderly people. Face-to-face surveys were conducted with individuals over 65 years of age in the study, with 2.522 surveys qualified for evaluation. It was seen that the majority of elderly people were covered by social security. The elderly people reported their health to be good. They stated satisfaction regarding interindividual relationships with regard to social needs. However, it was concluded that the income of elderly people was not sufficient, and that they could not sufficiently afford electrical power and water invoices, medicine, food, and clothing expenses.
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Chapter 12
Growth and Poverty: Estimating Regional Dimensions With Unit-Level Data
Relative poverty is a relative measure of poverty within a specific society or context. It is determined based on a person or household's income or resources relative to the overall living standards in their society. People are considered relatively poor if their living standards fall significantly below the average in their community.
Published in Chapter: Growth and Poverty: Estimating Regional Dimensions With Unit-Level Data; From: Handbook of Research on Innovative Approaches to Information Technology in Library and Information Science
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Chapter 14
Poverty and Poverty Indicators in the Republic of Serbia: The Impact of Uneven Regional Development
This measure does not mean the level of poverty, but the risk that the covered individual will be poor, i.e., that some person will have difficulty in providing funds for standard common in the country in which he/she lives.
Published in Chapter: Poverty and Poverty Indicators in the Republic of Serbia: The Impact of Uneven Regional Development; From: Handbook of Research on Global Institutional Roles for Inclusive Development
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