Prevailing measures of relative poverty are unchanged when all incomes grow or contract by the same proportion. This property stems from seemingly implausible assumptions about the disutility of relative deprivation and the cost of social inclusion. The authors propose ‘weakly relative’ lines that relax these assumptions. On calibrating our measures to national poverty lines and survey data, we find that half the population of the developing world...
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INFORMACIÓN
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2011/11/01
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Artículo de periódico
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94669
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1
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1
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2015/03/11
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Disclosed
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Weakly relative poverty
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national poverty line