The Greek economic crisis resulted in a decline in household disposable income by more than 40%. Even though all … population groups lost income in absolute terms, some were substantially more severely hit by the crisis. The paper examines the …

distribution and poverty indices that are sensitive to the distribution of income among the poor. …

over a quarter and disposable income by more than 40%, while the unemployment rate exceeded 27%. The paper explores the … increases are larger when the indices used are relatively more sensitive to changes close to the bottom of the income … distribution. Unlike claims often made in the public discourse, the elderly improved their relative position in the income …