Dollar a Day Re-Revisited
AbstractRecently, the World Bank re-estimated the international poverty line used for global poverty measurement and the first Millennium Development Goal based on an updated country sample of national poverty lines and new results for PPP exchange rates. This generated the new international poverty line of $1.25 per capita per day in 2005PPP$. In this paper we show, using the same data, that the best statistical estimation of the relationship between mean consumption and national poverty lines generates an international poverty line that is substantially higher than $1.25 a day.
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Bibliographic InfoPaper provided by Courant Research Centre PEG in its series Courant Research Centre: Poverty, Equity and Growth - Discussion Papers with number 91.
Date of creation: 26 Aug 2011
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-09-05 (All new papers)
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