Poverty, Relative to the Ability to Eradicate It: An Index of Poverty Reduction Failure
AbstractIn this note we approach the question of relative poverty from a different angle. Fixing the poverty line, we ask: What is the extent of poverty relative to the resources available in the society to eradicate it? We argue that the same level of poverty is “worse” if the resources available to address it are greater. We characterize a class of indices that measure Poverty Reduction Failure and provide an empirical illustration of their suitability using data for 94 country observations in 2001.
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Bibliographic InfoPaper provided by Cornell University, Department of Applied Economics and Management in its series Working Papers with number 126998.
Date of creation: 2007
Date of revision:
Absolute Poverty; Relative Poverty; Poverty Reduction Failure; Consumer/Household Economics; Public Economics; D31; D63; I32;
Other versions of this item:
- Kanbur, Ravi & Mukherjee, Diganta, 2007. "Poverty, relative to the ability to eradicate it: An index of poverty reduction failure," Economics Letters, Elsevier, vol. 97(1), pages 52-57, October.
- Ravi Kanbur, 2006. "Poverty, Relative to the Ability to Eradicate It: An Index of Poverty Reduction Failure," Working Papers id:714, eSocialSciences.
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
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