Element ends with two sections showing first how measures of inequality, poverty and welfare may be derived from such an order …

A recent trend in the study of poverty is to consider a relative poverty line, one that is responsive to the nature of … the income distribution. We develop an axiomatic approach to the determination of an amalgam poverty line. Given a … reference income (e.g. the mean or the median), the amalgam poverty line becomes a weighted average of the absolute poverty line …