EconPapers    
Economics at your fingertips  
 

Welfare-Consistent Global Poverty Measures

Martin Ravallion () and Shaohua Chen

No 23739, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The paper provides new measures of global poverty that take seriously the idea of relative-income comparisons but also acknowledge a deep identification problem when the latent norms defining poverty vary systematically across countries. Welfare-consistent measures are shown to be bounded below by a fixed absolute line and above by weakly-relative lines derived from a theoretical model of relative-income comparisons calibrated to data on national poverty lines. Both bounds indicate falling global poverty incidence, but more slowly for the upper bound. Either way, the developing world has a higher poverty incidence but is making more progress against poverty than the developed world.

JEL-codes: I32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ltv
Date: 2017-08
Note: DEV
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.nber.org/papers/w23739.pdf (application/pdf)

Related works:
Working Paper: Welfare-consistent global poverty measures (2017) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:23739

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w23739

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2019-10-22
Handle: RePEc:nbr:nberwo:23739