Poor trends: The pace of poverty reduction after the Millennium Development Agenda

D.P.I. de Crombrugghe (), Adam Szirmai and Richard Bluhm
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D.P.I. de Crombrugghe: SBE, Maastricht University

No 2014-006, MERIT Working Papers from United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT)

Abstract: We review the origins of the dollar-a-day poverty line, discuss historical poverty and inequality trends, and forecast poverty rates until 2030 using a new fractional response approach. Three findings stand out. First, global poverty reduction since 1981 has been rapid but regional trends are heterogeneous. Second, the pace of poverty reduction at 1.25 a day will slow down. Our optimistic scenarios suggest a poverty rate of 8-9 in 2030, far short of the World Banks new 3 target. Third, rapid progress can be maintained at 2 a day, with an additional one billion people crossing that line by 2030.

Keywords: poverty; inequality; poverty reduction; consumption growth; MDGs; dollar-a-day (search for similar items in EconPapers)
JEL-codes: I32 O10 O15 (search for similar items in EconPapers)
Date: 2014-01-31
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Citations: View citations in EconPapers (3)

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