11, Porte des Sciences
LISER Conference Room, MSH 1st floor
Philippe Van Kerm (University of Luxembourg/LISER): Where are foreign-born people in European countries' income distribution?
Guillaume Osier (Statec): Poverty indicators based on the joint distribution of income, consumption and wealth: preliminary results for Luxembourg
Abstract: The at-risk-of-poverty rate, defined as the share of individuals whose disposable income is lower than 60% of the national median income, has turned into a key indicator of social inclusion in the EU. However, this indicator relies only on income and ignores household consumption and wealth. As a result, it draws a picture of a country’s living standards that is not fully accurate.
The importance of producing social indicators based on the joint distribution of income, consumption and wealth has long been emphasized, yet each dimension is collected through different sources, namely the EU-SILC survey for income, the Household Budget Survey (HBS) for household consumption and Household Finance and Consumption Survey (HFCS) for household wealth. In order to combine these three sources, a statistical matching approach needs to be implemented.
In this presentation, we introduce the main principles of statistical matching and present experimental poverty statistics for Luxembourg based on income, consumption and wealth.