With the recent release of the 2011 purchasing power parity (PPP) data from the International Comparison Program (ICP … previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … world. This paper presents evidence that if the global poverty line is updated with the 2011 PPP data based on the same set …

International Comparison Program. This paper introduces a preference-based analytical framework that departs from the conventional … calculating purchasing power parities that are benchmarked against the 2011 International Comparison Program purchasing power …. The benchmarking exercise suggests that the 2011 International Comparison Program generally understates purchasing power …

To the surprise of many observers, the 2005 International Comparison Program (ICP) found substantially higher … surveys, 99 percent of the variance in the observed changes in PPPs is explicable. Using a nested test, the World Bank …

Sustainable Development Goals and the World Bank?s twin goals, the new poverty line was chosen so as to preserve the definition … the global count, we find 12.7 percent of the world?s population, or 897 million people, are living in extreme poverty …

The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better … data. Extreme poverty-as judged by what quot;povertyquot; means in the world's poorest countries-is found to be more … the early 1980s. For 2005 we estimate that 1.4 billion people, or one quarter of the population of the developing world …