account (covering education and training), and a health account (covering insurance against sickness and disability). Unlike …’s welfare accounts. The government could redistribute income across people’s welfare accounts, but these redistributions would …, cushioning people against economic risk, ensuring efficient provision of health and education services, providing social safety …

differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …This paper examines the measurement of social welfare, poverty and inequality taking into account reference … new notion of equivalent income, the income level with which the individual would be as well off, evaluated using a …

Two decades ago, 93% of the world’s poor lived in countries officially classified as Low Income (LICs). Now, 72% of the … world’s poor live in Middle Income Countries (MICs). The dramatic shift has been brought about by fast growth in a number of … global poor for many years to come. This “new geography of global poverty”—with the mass of the poor living in stable, non …

estimates of the impact of adjustment on poverty using household income and expenditure surveys currently available in LDCs. It … poverty. This framework does require, however, reasonably disaggregated data on income distribution. … proposes the use of decomposable poverty indices as a tractable vehicle for calculating the impact of adjustment on overall …