Experimental Poverty Measures Summary of a Workshop (2005) / Chapter Skim
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Pages 25-29
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From page 25... ...
25 7 Housing The workshop participants addressed two topics on housing costsand benefits in a new poverty measure: (1) whether and how dif-ferences in the amount of money owners and renters require to meet basic needs should be accounted for and (2)
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26 EXPERIMENTAL POVERTY MEASURES volves complex and highly technical issues. Many of the approaches involve accounting for the flow of services that owners obtain from their homes by adding a "rental equivalence value," or "imputed rent," to homeowners' incomes that would also be consistent with the value of housing represented in the thresholds.
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From page 27... ...
HOUSING 27 capital for renters is the rent they pay. For owners, the user cost of capital represents the rental equivalence value of the dwelling.
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28 EXPERIMENTAL POVERTY MEASURES ACCOUNTING FOR HOUSING SUBSIDIES The main challenge in estimating housing subsidies using Current Population Survey (CPS) data -- the source of official poverty statistics -- is that while the survey asks respondents whether they live in public housing or pay rent at a reduced rate (such as through the Section 8 program sponsored by the Department of Housing and Urban Development)
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From page 29... ...
HOUSING 29 evant local housing market. These rents are used to administer Section 8 Housing Assistance Payments.
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