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There is growing support for the idea that global income poverty should be assessed with a measure accounting for both own income and relative income. The trade-off that such a measure makes between own income and relative income is the key question. Non-paternalism requires that this trade-off...
Persistent link: https://www.econbiz.de/10012817438
This paper reviews the debate opposing the absolute and relative approaches to monetary poverty measurement. The arguments for combining both approaches into a single "overall" monetary poverty measure are introduced. The most salient proposals of hybrid poverty lines are presented. Then, the...
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This paper reviews the debate opposing the absolute and relative approaches to monetary poverty measurement. The arguments for combining both approaches into a single "overall” monetary poverty measure are introduced. The most salient proposals of hybrid poverty lines are presented. Then, the...
Persistent link: https://www.econbiz.de/10013254903
There is growing support for using global income poverty measures that account for both own income and relative income. The World Bank has adopted a global line that depends on both. Unfortunately, with preference heterogeneity over own and relative income, the standard poverty indices are not...
Persistent link: https://www.econbiz.de/10013290860
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