 PovertyJan Adam
Chapter 10 in Social Costs of Transformation to a Market Economy in Post-Socialist Countries, 1999, pp 155-170 from Palgrave Macmillan Abstract: Abstract Poverty is usually understood as a standard of living below a certain threshold which can be called the poverty line. The latter expressed in terms of real incomes or of a basket of goods and services can be set in different ways; it should, however, be understood that it is relative in the sense that it varies in space and time. The poverty line is at different level in different countries. An average American poor person is certainly better off than a poor person in a developing country. As Atkinson and Micklewright (1992, p. 185) point out: ‘Subsistence needs must reflect in part the standard of living of the country in which those needs are being assessed.’ With the increase in the standard of living, the poverty line is adjusted after some time. The package of goods and services which is at the poverty line nowadays in North America is surely larger and richer than it was in the past. As long as there are large inequities, poverty will continue to exist. Keywords: Poverty Line; Social Cost; Poverty Rate; Disability Pension; Socioeconomic Group (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50087-7_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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