The Levy Institute measure of time and consumption poverty for Turkey

The Levy Institute measure of time and consumption poverty for Turkey

February 21, 2014

The Levy Institute Measure of Time and Consumption Poverty (LIMTCP) is a two-dimensional measure that takes into account both the necessary consumption expenditures and the household production time needed to achieve a minimum standard of living.

According to the report’s estimates for 2006, the LIMTCP poverty rate of individuals was 10 percentage points higher than the official rate (30 percent) in Turkey.