Toward better global poverty measures

Martin Ravallion

The Journal of Economic Inequality, 2016, vol. 14, issue 2, No 6, 227-248

Abstract: Abstract While much progress has been made over the last 25 years in measuring global poverty, there are a number of challenges ahead. The paper discusses three sets of problems: (i) how to allow for social effects on welfare, recognizing the identification issues involved; (ii) the need to monitor progress in raising the consumption floor above its biological level, in addition to counting the number of people living near the floor; and (iii) addressing the longstanding concerns about prevailing approaches to making inter-country comparisons of price levels facing poor people. Some suggestions are offered for operational solutions, building on past research.

Keywords: Absolute poverty; Relative poverty; Consumption floor; Purchasing power parity; International comparison program (search for similar items in EconPapers)
Date: 2016
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Journal Article: Toward better global poverty measures (2016)
Working Paper: Toward Better Global Poverty Measures (2015)
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DOI: 10.1007/s10888-016-9323-9

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