Resource ID: INDIGO-ARES-0196
Link: http://www.equitytool.org/
The EquityTool is a simple and easy-to-use tool to measure relative wealth. Using a short survey, the EquityTool allows users to compare the wealth of the respondents to the national or urban population in over 50 countries. The EquityTool is created by reducing the DHS Wealth Index (or similar index in a nationally representative dataset) to the fewest number of variables needed to reach a minimally acceptable level of agreement with the full wealth index.
Asset managers or program managers can quickly and easily assess relative wealth to determine how equitable their services are, or to target services to a particular portion of the population based on relative wealth. The EquityTool includes a simple questionnaire, instructions for analysis, and data collection platform to make the process of assessing relative wealth as minimally burdensome as possible, while maintaining accuracy and validity.
Impact goal: Development poverty reduction, Employment financial well being
Internal/external: Internal
Leader: Metrics for Management
Method: Surveys
Output format: Quant but no index
Scale: Micro
Sourcing: Paid tool, Self driven
Time frame: Ongoing
Type: Tool
Used in sectors: Development, Impact investing, Social enterprises
Who: Third sector, Private sector
INDIGO data are shared for research and policy analysis purposes. INDIGO data can be used to support a range of insights, for example, to understand the social outcomes that projects aim to improve, the network of organisations across projects, trends, scales, timelines and summary information. The collaborative system by which we collect, process, and share data is designed to advance data-sharing norms, harmonise data definitions and improve data use. These data are NOT shared for auditing, investment, or legal purposes. Please independently verify any data that you might use in decision making. We provide no guarantees or assurances as to the quality of these data. Data may be inaccurate, incomplete, inconsistent, and/or not current for various reasons: INDIGO is a collaborative and iterative initiative that mostly relies on projects all over the world volunteering to share their data. We have a system for processing information and try to attribute data to named sources, but we do not audit, cross-check, or verify all information provided to us. It takes time and resources to share data, which may not have been included in a project’s budget. Many of the projects are ongoing and timely updates may not be available. Different people may have different interpretations of data items and definitions. Even when data are high quality, interpretation or generalisation to different contexts may not be possible and/or requires additional information and/or expertise. Help us improve our data quality: email us at indigo@bsg.ox.ac.uk if you have data on new projects, changes or performance updates on current projects, clarifications or corrections on our data, and/or confidentiality or sensitivity notices. Please also give input via the INDIGO Data Definitions Improvement Tool and INDIGO Feedback Questionnaire.