Welfare-Consistent Global Poverty Measures
The paper provides new measures of global poverty that take seriously the idea of relative-income comparisons but also acknowledge a deep identification problem when the latent norms defining poverty vary systematically across countries....
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/375681503578018837/Welfare-consistent-global-poverty-measures http://hdl.handle.net/10986/27977 |
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okr-10986-279772021-06-08T14:42:48Z Welfare-Consistent Global Poverty Measures Ravallion, Martin Chen, Shaohua POVERTY LINE RELATIVE INCOME INEQUALITY GLOBAL POVERTY POVERTY REDUCTION The paper provides new measures of global poverty that take seriously the idea of relative-income comparisons but also acknowledge a deep identification problem when the latent norms defining poverty vary systematically across countries. Welfare-consistent measures are shown to be bounded below by a fixed absolute line and above by weakly-relative lines derived from a theoretical model of relative-income comparisons calibrated to data on national poverty lines. Both bounds indicate falling global poverty incidence, but more slowly for the upper bound. Either way, the developing world has a higher poverty incidence but is making more progress against poverty than the developed world. 2017-08-24T22:12:09Z 2017-08-24T22:12:09Z 2017-08 Working Paper http://documents.worldbank.org/curated/en/375681503578018837/Welfare-consistent-global-poverty-measures http://hdl.handle.net/10986/27977 English en_US Policy Research Working Paper;No. 8170 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
POVERTY LINE RELATIVE INCOME INEQUALITY GLOBAL POVERTY POVERTY REDUCTION |
| spellingShingle |
POVERTY LINE RELATIVE INCOME INEQUALITY GLOBAL POVERTY POVERTY REDUCTION Ravallion, Martin Chen, Shaohua Welfare-Consistent Global Poverty Measures |
| relation |
Policy Research Working Paper;No. 8170 |
| description |
The paper provides new measures of
global poverty that take seriously the idea of
relative-income comparisons but also acknowledge a deep
identification problem when the latent norms defining
poverty vary systematically across countries.
Welfare-consistent measures are shown to be bounded below by
a fixed absolute line and above by weakly-relative lines
derived from a theoretical model of relative-income
comparisons calibrated to data on national poverty lines.
Both bounds indicate falling global poverty incidence, but
more slowly for the upper bound. Either way, the developing
world has a higher poverty incidence but is making more
progress against poverty than the developed world. |
| format |
Working Paper |
| author |
Ravallion, Martin Chen, Shaohua |
| author_facet |
Ravallion, Martin Chen, Shaohua |
| author_sort |
Ravallion, Martin |
| title |
Welfare-Consistent Global Poverty Measures |
| title_short |
Welfare-Consistent Global Poverty Measures |
| title_full |
Welfare-Consistent Global Poverty Measures |
| title_fullStr |
Welfare-Consistent Global Poverty Measures |
| title_full_unstemmed |
Welfare-Consistent Global Poverty Measures |
| title_sort |
welfare-consistent global poverty measures |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/375681503578018837/Welfare-consistent-global-poverty-measures http://hdl.handle.net/10986/27977 |
| _version_ |
1764466277306335232 |