Lind, Jo Thori; Moene, Karl Ove - 2008
In many countries extreme poverty is unnecessary. Yet it persists. We propose a simple index, denoted the Miser index …, to measure the extent to which societies have poverty in the midst of affluence. It builds on the generalized Lorenz … high growth rates do not moderate miserliness. Finally, considering the world as a single entity, we find a dramatic rise …