In this paper, we define a new class of richness measures. In contrast to the often used headcount, these new measures are sensitive to changes in rich persons' income and therefore allow for a more sophisticated analysis of richness. We demonstrate the application of these new measures to...

This ground-breaking study on the measurement of poverty shows how policy in this field has taken a wrong turn with disastrous results.In recent years, poverty has generally been understood in ‘relative' terms. That is, people are regarded as poor if they earn less than some benchmark relative...

The study examined the impact of globalization on poverty rate with evidence from middle-income country. It focused on Nigeria for the period spanning 1981 to 2018. The study employed the ARDL estimation technique, and the results showed that globalization had negative and significant impact on...