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An Agricultural Wealth Index for Multidimensional Wealth Assessments

Bibliographic Data

ID7980702
AuthorsJoseph V Hackman (0000-0003-4018-7490, corresponding author), Joseph Hackman, Daniel Hruschka, Daniel J Hruschka (0000-0003-2188-7782), Mariya Vizireanu (0000-0003-3853-5361)
Year2021
Volume47
Issue1
Pages237-254
Publication date2021-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenuePopulation and Development Review (JOURNAL)
Journal identifiersISSN: 0098-7921 • E-ISSN: 1728-4457
PublisherWiley (PUBLISHER • GB)
DOI10.1111/padr.12367
OpenAlexW3097055481
LanguageEN
Citations received6
References cited52

Social scientists have increasingly used asset‐based wealth scores, like the Demographic and Health Survey (DHS) wealth index, to assess economic disparities. However, current indices primarily capture wealth in globalized market economies, thus ignoring other forms of prosperity, such as success in agricultural activities. Using a simple extension to the standard estimation of the DHS wealth index, we describe procedures for estimating an agricultural wealth index (AWI) that complements market‐based wealth indices by capturing household success in agricultural activities. We apply this procedure to household data from 129 DHS surveys from over 40 countries with sufficient land and livestock data to estimate a reliable and consistent AWI. We assess the construct validity of the AWI using benchmarks of growth in both adults and children. This alternative measure of wealth provides new opportunities for understanding the causes and consequences of wealth inequality, and how success along different dimensions of wealth creates different social opportunities and constraints for health and well‐being

Agriculture · Asset (computer security) · Construct (python library) · Economic growth · Economics · Estimation · Geography · Index (typography) · Inequality · National wealth · Prosperity · Public economics · Finance · Global Health Care Issues · Health disparities and outcomes · Income, Poverty, and Inequality

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Unique citing works6
Citations per year1
Citation span2020 - 2026 (7)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 6

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