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The income deprivation affecting children index (IDACI) is an index of deprivation used in the United Kingdom. The index is calculated by the Office of the Deputy Prime Minister and measures in a local area the proportion of children under the age of 16 that live in low income households.
The new Index of Multiple Deprivation 2007 (IMD 2007) is a Lower layer Super Output Area (LSOA) level measure of multiple deprivation, and is made up of seven LSOA level domain indices. There are also two supplementary indices (Income Deprivation Affecting Children and Income Deprivation Affecting Older People).
Some believe the 20:20 ratio is a more useful measure as it correlates well with measures of human development and social stability including the index of child well-being, [6] index of health and social problems, [7] population in prison, [8] physical health, [9] mental health [10] and many others. [11]
Multidimensional Poverty Indices uses a range of indicators to calculate a summary poverty figure for a given population, in which a larger figure indicates a higher level of poverty. This figure considers both the proportion of the population that is deemed poor and the 'breadth' of poverty experienced by these 'poor' households, following the ...
The main poverty line used in the OECD and the European Union is a relative poverty measure based on 60% of the median household income. The United States uses a poverty measure based on pre-tax income and the U.S. Department of Agriculture's "economy food plan" by which 11% of Americans are living in poverty, but this is disputed.
The most commonly used index from the family, FGT 2, puts higher weight on the poverty of the poorest individuals, making it a combined measure of poverty and income inequality and a popular choice within development economics. The indices were introduced in a 1984 paper by economists Erik Thorbecke, Joel Greer, and James Foster. [1] [2]
The Latin America and the Caribbean region made substantial progress in improving child well-being in the 1990s, scoring 6.8 in our index of child deprivation, the lowest of any developing country region. It made the most percentage improvement of any region in the world, reducing child deprivation by 57% over the period, 1990-2006.
A score of 1 would represent the case in which one person would have all the income and others would have none. Therefore, a lower Gini score is roughly associated with a more equal distribution of income and vice versa. In 2018 U.S. income inequality as measured by the Gini index was close to the highest recorded values ever. [15] [16]