Assessing Asset Indices
This paper compares how results using various methods to construct asset indices match results using per capita expenditures. The analysis shows that inferences about inequalities in education, health care use, fertility, child mortality, as well a...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/04/9373236/assessing-asset-indices http://hdl.handle.net/10986/6764 |
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okr-10986-6764 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ADULT LITERACY ADULT POPULATION AFFILIATED ORGANIZATIONS ALTERNATIVE ASSET ANTENATAL CARE ASSET OWNERSHIP ASSETS BANK POLICY BASIC EDUCATION BUDGETARY ALLOCATIONS CARE FOR CHILDREN CASH TRANSFERS CHILD DEVELOPMENT CHILD HEALTH CHILD MORTALITY CHILD SURVIVAL COLLECTIVE ACTION COMMUNITY HEALTH CONSUMER DURABLE CONSUMER DURABLES CONSUMPTION EXPENDITURES CULTURAL CHANGE DEMAND FOR FOOD DEMOGRAPHIC CHARACTERISTICS DEMOGRAPHIC COMPOSITION DEPENDENCY RATIO DEVELOPING COUNTRIES DEVELOPING COUNTRY DISABILITY DISCRIMINATION DRINKING WATER DUMMY VARIABLES DURABLE ASSETS DURABLE GOODS DURABLES EARLY CHILDHOOD ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STATUS ECONOMIC TRANSITION ECONOMIES OF SCALE EDUCATIONAL ATTAINMENT ELDERLY ENROLLMENT ENROLLMENTS EXPENDITURE EXPENDITURES EXTREME POVERTY FERTILITY GENDER GENDER INEQUALITY HEAD OF HOUSEHOLD HEALTH CARE HEALTH CARE USE HEALTH ECONOMICS HEALTH EXPENDITURES HEALTH FACILITIES HEALTH OUTCOMES HEALTH POLICY HEALTH SERVICE HEALTH SERVICE UTILIZATION HEALTH SERVICES HEALTH STATUS HEALTH SYSTEM HEALTH SYSTEM PERFORMANCE HOLDING HOSPITAL HOUSEHOLD ASSETS HOUSEHOLD INCOME HOUSEHOLD INVESTMENTS HOUSEHOLD LEVEL HOUSEHOLD POVERTY HOUSEHOLD SIZE HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLDS HUMAN DEVELOPMENT HUMAN RESOURCES ILLITERATE ADULTS ILLNESS IMMUNIZATIONS INCIDENCE OF POVERTY INEQUALITIES INEQUALITY INEQUITIES JOURNAL OF EPIDEMIOLOGY LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LAND OWNERSHIP LEVEL OF MORTALITY LEVELS OF EDUCATION LIVING CONDITIONS LIVING STANDARD LIVING STANDARDS MALARIA MEASLES MEASLES IMMUNIZATION MEDICAL CARE MEDICAL FACILITY MILLENNIUM DEVELOPMENT GOALS NUMBER OF BIRTHS NUMBER OF CHILDREN NUTRITION ORPHANS POLICY RESEARCH POLITICAL ECONOMY POOR HOUSEHOLDS POOR PEOPLE POPULATION AND DEVELOPMENT POPULATION STUDIES PRIMARY SCHOOL PRIVATE FUNDING PROGRESS PUBLIC SERVICES RADIO RURAL AREAS RURAL RESIDENCE SANITATION SELF EMPLOYMENT SERVICE DELIVERY SERVICE PROVIDERS SERVICE QUALITY SERVICE UTILIZATION SEX SHOCKS TO INCOME SMALLER HOUSEHOLDS SOCIAL FUNDS SOCIAL IMPACT SOCIAL PROGRAMS SOCIAL SCIENCE SOCIAL SECTOR SOCIOECONOMIC INEQUALITIES SOCIOECONOMIC STATUS SOURCE OF DRINKING WATER STATEMENTS TELEVISION TRANSITION ECONOMIES URBAN AREAS URBAN POVERTY URBANIZATION USE OF HEALTH SERVICES VALUE OF ASSETS VULNERABILITY WEALTH EFFECTS WORLD HEALTH ORGANIZATION YIELD YOUNG CHILDREN |
| spellingShingle |
ACCOUNTING ADULT LITERACY ADULT POPULATION AFFILIATED ORGANIZATIONS ALTERNATIVE ASSET ANTENATAL CARE ASSET OWNERSHIP ASSETS BANK POLICY BASIC EDUCATION BUDGETARY ALLOCATIONS CARE FOR CHILDREN CASH TRANSFERS CHILD DEVELOPMENT CHILD HEALTH CHILD MORTALITY CHILD SURVIVAL COLLECTIVE ACTION COMMUNITY HEALTH CONSUMER DURABLE CONSUMER DURABLES CONSUMPTION EXPENDITURES CULTURAL CHANGE DEMAND FOR FOOD DEMOGRAPHIC CHARACTERISTICS DEMOGRAPHIC COMPOSITION DEPENDENCY RATIO DEVELOPING COUNTRIES DEVELOPING COUNTRY DISABILITY DISCRIMINATION DRINKING WATER DUMMY VARIABLES DURABLE ASSETS DURABLE GOODS DURABLES EARLY CHILDHOOD ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STATUS ECONOMIC TRANSITION ECONOMIES OF SCALE EDUCATIONAL ATTAINMENT ELDERLY ENROLLMENT ENROLLMENTS EXPENDITURE EXPENDITURES EXTREME POVERTY FERTILITY GENDER GENDER INEQUALITY HEAD OF HOUSEHOLD HEALTH CARE HEALTH CARE USE HEALTH ECONOMICS HEALTH EXPENDITURES HEALTH FACILITIES HEALTH OUTCOMES HEALTH POLICY HEALTH SERVICE HEALTH SERVICE UTILIZATION HEALTH SERVICES HEALTH STATUS HEALTH SYSTEM HEALTH SYSTEM PERFORMANCE HOLDING HOSPITAL HOUSEHOLD ASSETS HOUSEHOLD INCOME HOUSEHOLD INVESTMENTS HOUSEHOLD LEVEL HOUSEHOLD POVERTY HOUSEHOLD SIZE HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLDS HUMAN DEVELOPMENT HUMAN RESOURCES ILLITERATE ADULTS ILLNESS IMMUNIZATIONS INCIDENCE OF POVERTY INEQUALITIES INEQUALITY INEQUITIES JOURNAL OF EPIDEMIOLOGY LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LAND OWNERSHIP LEVEL OF MORTALITY LEVELS OF EDUCATION LIVING CONDITIONS LIVING STANDARD LIVING STANDARDS MALARIA MEASLES MEASLES IMMUNIZATION MEDICAL CARE MEDICAL FACILITY MILLENNIUM DEVELOPMENT GOALS NUMBER OF BIRTHS NUMBER OF CHILDREN NUTRITION ORPHANS POLICY RESEARCH POLITICAL ECONOMY POOR HOUSEHOLDS POOR PEOPLE POPULATION AND DEVELOPMENT POPULATION STUDIES PRIMARY SCHOOL PRIVATE FUNDING PROGRESS PUBLIC SERVICES RADIO RURAL AREAS RURAL RESIDENCE SANITATION SELF EMPLOYMENT SERVICE DELIVERY SERVICE PROVIDERS SERVICE QUALITY SERVICE UTILIZATION SEX SHOCKS TO INCOME SMALLER HOUSEHOLDS SOCIAL FUNDS SOCIAL IMPACT SOCIAL PROGRAMS SOCIAL SCIENCE SOCIAL SECTOR SOCIOECONOMIC INEQUALITIES SOCIOECONOMIC STATUS SOURCE OF DRINKING WATER STATEMENTS TELEVISION TRANSITION ECONOMIES URBAN AREAS URBAN POVERTY URBANIZATION USE OF HEALTH SERVICES VALUE OF ASSETS VULNERABILITY WEALTH EFFECTS WORLD HEALTH ORGANIZATION YIELD YOUNG CHILDREN Filmer, Deon Scott, Kinnon Assessing Asset Indices |
| relation |
Policy Research Working Paper No. 4605 |
| description |
This paper compares how results using
various methods to construct asset indices match results
using per capita expenditures. The analysis shows that
inferences about inequalities in education, health care use,
fertility, child mortality, as well as labor market outcomes
are quite robust to the specific economic status measure
used. The measures-most significantly per capita
expenditures versus the class of asset indices-do not,
however, yield identical household rankings. Two factors
stand out in predicting the degree of congruence in rankings
between per capita expenditures and an asset index. First
is the extent to which per capita expenditures can be
explained by observed household and community
characteristics. In settings with small transitory shocks
to expenditure, or with little measurement error in
expenditure, the rankings yielded by the alternative
approaches are most similar. Second is the extent to which
expenditures are dominated by individually consumed goods
such as food. Asset indices are typically derived from
indicators of goods which are effectively public at the
household level, while expenditures are often dominated by
food, an almost exclusively private good. In settings where
private goods such as food are the main component of
expenditures, asset indices and per capita consumption yield
the least similar results, although adjusting for economies
of scale in household expenditures reconciles the results somewhat. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Filmer, Deon Scott, Kinnon |
| author_facet |
Filmer, Deon Scott, Kinnon |
| author_sort |
Filmer, Deon |
| title |
Assessing Asset Indices |
| title_short |
Assessing Asset Indices |
| title_full |
Assessing Asset Indices |
| title_fullStr |
Assessing Asset Indices |
| title_full_unstemmed |
Assessing Asset Indices |
| title_sort |
assessing asset indices |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/04/9373236/assessing-asset-indices http://hdl.handle.net/10986/6764 |
| _version_ |
1764400831893864448 |
| spelling |
okr-10986-67642021-04-23T14:02:31Z Assessing Asset Indices Filmer, Deon Scott, Kinnon ACCOUNTING ADULT LITERACY ADULT POPULATION AFFILIATED ORGANIZATIONS ALTERNATIVE ASSET ANTENATAL CARE ASSET OWNERSHIP ASSETS BANK POLICY BASIC EDUCATION BUDGETARY ALLOCATIONS CARE FOR CHILDREN CASH TRANSFERS CHILD DEVELOPMENT CHILD HEALTH CHILD MORTALITY CHILD SURVIVAL COLLECTIVE ACTION COMMUNITY HEALTH CONSUMER DURABLE CONSUMER DURABLES CONSUMPTION EXPENDITURES CULTURAL CHANGE DEMAND FOR FOOD DEMOGRAPHIC CHARACTERISTICS DEMOGRAPHIC COMPOSITION DEPENDENCY RATIO DEVELOPING COUNTRIES DEVELOPING COUNTRY DISABILITY DISCRIMINATION DRINKING WATER DUMMY VARIABLES DURABLE ASSETS DURABLE GOODS DURABLES EARLY CHILDHOOD ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC STATUS ECONOMIC TRANSITION ECONOMIES OF SCALE EDUCATIONAL ATTAINMENT ELDERLY ENROLLMENT ENROLLMENTS EXPENDITURE EXPENDITURES EXTREME POVERTY FERTILITY GENDER GENDER INEQUALITY HEAD OF HOUSEHOLD HEALTH CARE HEALTH CARE USE HEALTH ECONOMICS HEALTH EXPENDITURES HEALTH FACILITIES HEALTH OUTCOMES HEALTH POLICY HEALTH SERVICE HEALTH SERVICE UTILIZATION HEALTH SERVICES HEALTH STATUS HEALTH SYSTEM HEALTH SYSTEM PERFORMANCE HOLDING HOSPITAL HOUSEHOLD ASSETS HOUSEHOLD INCOME HOUSEHOLD INVESTMENTS HOUSEHOLD LEVEL HOUSEHOLD POVERTY HOUSEHOLD SIZE HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLDS HUMAN DEVELOPMENT HUMAN RESOURCES ILLITERATE ADULTS ILLNESS IMMUNIZATIONS INCIDENCE OF POVERTY INEQUALITIES INEQUALITY INEQUITIES JOURNAL OF EPIDEMIOLOGY LABOR FORCE LABOR FORCE PARTICIPATION LABOR MARKET LABOR MARKETS LAND OWNERSHIP LEVEL OF MORTALITY LEVELS OF EDUCATION LIVING CONDITIONS LIVING STANDARD LIVING STANDARDS MALARIA MEASLES MEASLES IMMUNIZATION MEDICAL CARE MEDICAL FACILITY MILLENNIUM DEVELOPMENT GOALS NUMBER OF BIRTHS NUMBER OF CHILDREN NUTRITION ORPHANS POLICY RESEARCH POLITICAL ECONOMY POOR HOUSEHOLDS POOR PEOPLE POPULATION AND DEVELOPMENT POPULATION STUDIES PRIMARY SCHOOL PRIVATE FUNDING PROGRESS PUBLIC SERVICES RADIO RURAL AREAS RURAL RESIDENCE SANITATION SELF EMPLOYMENT SERVICE DELIVERY SERVICE PROVIDERS SERVICE QUALITY SERVICE UTILIZATION SEX SHOCKS TO INCOME SMALLER HOUSEHOLDS SOCIAL FUNDS SOCIAL IMPACT SOCIAL PROGRAMS SOCIAL SCIENCE SOCIAL SECTOR SOCIOECONOMIC INEQUALITIES SOCIOECONOMIC STATUS SOURCE OF DRINKING WATER STATEMENTS TELEVISION TRANSITION ECONOMIES URBAN AREAS URBAN POVERTY URBANIZATION USE OF HEALTH SERVICES VALUE OF ASSETS VULNERABILITY WEALTH EFFECTS WORLD HEALTH ORGANIZATION YIELD YOUNG CHILDREN This paper compares how results using various methods to construct asset indices match results using per capita expenditures. The analysis shows that inferences about inequalities in education, health care use, fertility, child mortality, as well as labor market outcomes are quite robust to the specific economic status measure used. The measures-most significantly per capita expenditures versus the class of asset indices-do not, however, yield identical household rankings. Two factors stand out in predicting the degree of congruence in rankings between per capita expenditures and an asset index. First is the extent to which per capita expenditures can be explained by observed household and community characteristics. In settings with small transitory shocks to expenditure, or with little measurement error in expenditure, the rankings yielded by the alternative approaches are most similar. Second is the extent to which expenditures are dominated by individually consumed goods such as food. Asset indices are typically derived from indicators of goods which are effectively public at the household level, while expenditures are often dominated by food, an almost exclusively private good. In settings where private goods such as food are the main component of expenditures, asset indices and per capita consumption yield the least similar results, although adjusting for economies of scale in household expenditures reconciles the results somewhat. 2012-05-31T18:20:50Z 2012-05-31T18:20:50Z 2008-04 http://documents.worldbank.org/curated/en/2008/04/9373236/assessing-asset-indices http://hdl.handle.net/10986/6764 English Policy Research Working Paper No. 4605 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |