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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 … model of relative-income comparisons calibrated to data on national poverty lines. Both bounds indicate falling global …
Persistent link: https://www.econbiz.de/10012453972
Longstanding development issues are revisited in the light of our newly-constructed dataset of poverty measures for … India spanning 60 years, including 20 years since reforms began in earnest in 1991. We find a downward trend in poverty … measures since 1970, with an acceleration post-1991, despite rising inequality. Faster poverty decline came with both higher …
Persistent link: https://www.econbiz.de/10012456690
It is sometimes argued that poorer people choose to work less, implying less welfare inequality than suggested by observed incomes. Social policies have also acknowledged that efforts differ, and that people respond to incentives. Prevailing measures of inequality (in outcomes or opportunities)...
Persistent link: https://www.econbiz.de/10012457274