Are the World’s Poorest Being Left Behind?

Martin Ravallion

No 20791, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The traditional approach to poverty measurement puts no explicit weight on success at increasing the typical level of living of the poorest—raising the consumption floor. To address this deficiency, the paper defines and measures the expected value of the floor, allowing for transient effects and measurement errors in survey data. On using all suitable and available surveys for the developing world over 1981-2011, the expected value of the floor is about half the $1.25 a day poverty line. There has been only modest progress in raising the floor, despite much progress in reducing the number living near the floor.

JEL-codes: I32 I38 O15 (search for similar items in EconPapers)
Date: 2014-12
New Economics Papers: this item is included in nep-dev and nep-lam
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Published as Martin Ravallion, 2016. "Are the world’s poorest being left behind?," Journal of Economic Growth, vol 21(2), pages 139-164.

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Related works:
Journal Article: Are the world’s poorest being left behind? (2016)
Working Paper: Are the world’s poorest being left behind? (2015)
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