ERIC Number: ED121502
Record Type: Non-Journal
Publication Date: 1975-Jul
Reference Count: N/A
A Full Income Approach to the Measurement of Rural Poverty. Economic Research Report No. 34.
Gardner, Bruce L.
In an attempt to obtain a measure of rural-farm poverty conceptually more meaningful than those currently available, a measure based on "full income" (defined as "the purchasing power available for consumption in a normal year while keeping wealth intact") was proposed. The main task was estimation of the full income, rather than the money income, of rural-farm families in the United States in 1969 and the size distribution of that full income. Estimates were based on data on human and nonhuman wealth and market rates of return. The inequality of the distribution of full income was estimated by means of data on the distribution of human and non-human wealth. A full income poverty threshold was then applied to the constructed size distribution of full income, and full income poverty was measured as the percentage of rural-farm families and unrelated individuals which fell below this threshold. Results produced an estimation that 5 to 14 percent of the U.S. rural-farm population was poor in terms of full income in 1969. By comparison, the corresponding figure as published in the U.S. Census of Population (using annual money income) was 19.9 percent. (Author/JC)
Publication Type: Reports - Research
Education Level: N/A
Sponsor: Department of Agriculture, Washington, DC.
Authoring Institution: North Carolina State Univ., Raleigh. Dept. of Economics.; North Carolina State Univ., Raleigh. Agricultural Experiment Station.