We measure the level of poverty in the midst of affluence using what we denote the miser index. We calculate the index of poverty-induced polarisation for a number of countries. The most miserly countries are in Southern Africa and Latin America. Miserly countries tend to be socially fractionalised, bureaucratically inefficient, and politically corrupt. They provide low levels of healthcare and education. Considering the world as a single entity, we find a dramatic rise in global miserliness over the last 30 years going from the level of Colombia to that of South Africa. For one very rich man, there must be at least five hundred poor, and the affluence of the few supposes the indigence of the many. (Adam Smith, 1776: 232)
Volume (Year): 47 (2011)
Issue (Month): 9 (June)
|Contact details of provider:|| Web page: http://www.tandfonline.com/FJDS20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/FJDS20|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Frank Cowell, 1998.
"Measurement of inequality,"
LSE Research Online Documents on Economics
2084, London School of Economics and Political Science, LSE Library.
- Jagdish Bhagwati, 1958. "Immiserizing Growth: A Geometrical Note," Review of Economic Studies, Oxford University Press, vol. 25(3), pages 201-205.
- Joan-Maria Esteban & Debraj Ray, 1991.
"On the Measurement of Polarization,"
Boston University - Institute for Economic Development
18, Boston University, Institute for Economic Development.
- Esteban, J.M. & Ray, D., 1992. "On the Measurement of Polarization," UFAE and IAE Working Papers 171.92, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Esteban, J. & Ray, D., 1993. "On the Measurement of Polarization," UFAE and IAE Working Papers 221.93, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Kanbur, Ravi & Mukherjee, Diganta, 2007.
"Poverty, relative to the ability to eradicate it: An index of poverty reduction failure,"
Elsevier, vol. 97(1), pages 52-57, October.
- Kanbur, Ravi & Mukherjee, Diganta, 2007. "Poverty, Relative to the Ability to Eradicate It: An Index of Poverty Reduction Failure," Working Papers 126998, Cornell University, Department of Applied Economics and Management.
- Ravi Kanbur, 2006. "Poverty, Relative to the Ability to Eradicate It: An Index of Poverty Reduction Failure," Working Papers id:714, eSocialSciences.
- Duclos, Jean-Yves & Esteban, Joan & Ray, Debraj, 2003.
"Polarization: Concepts, Measurement, Estimation,"
Cahiers de recherche
- Shaohua Chen & Ravallion, Martin, 2000.
"How did the world's poorest fare in the 1990s ?,"
Policy Research Working Paper Series
2409, The World Bank.
- Foster, James & Greer, Joel & Thorbecke, Erik, 1984. "A Class of Decomposable Poverty Measures," Econometrica, Econometric Society, vol. 52(3), pages 761-66, May.
- Thon, Dominique, 1982. "An axiomatization of the Gini coefficient," Mathematical Social Sciences, Elsevier, vol. 2(2), pages 131-143, March.
- William Easterly & Ross Levine, 1997.
"Africa's Growth Tragedy: Policies and Ethnic Divisions,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 112(4), pages 1203-1250.
- Easterly, W & Levine, R, 1996. "Africa's Growth Tragedy : Policies and Ethnic Divisions," Papers 536, Harvard - Institute for International Development.
- Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February.
- Dollar, David & Kraay, Aart, 2002.
" Growth Is Good for the Poor,"
Journal of Economic Growth,
Springer, vol. 7(3), pages 195-225, September.
- Kolm, Serge-Christophe, 1976. "Unequal inequalities. I," Journal of Economic Theory, Elsevier, vol. 12(3), pages 416-442, June.
- Jo Thori Lind, 2007. "Fractionalization and Inter-Group Differences," Kyklos, Wiley Blackwell, vol. 60(1), pages 123-139, 02.
- Kolm, Serge-Christophe, 1976. "Unequal inequalities. II," Journal of Economic Theory, Elsevier, vol. 13(1), pages 82-111, August.
- Atkinson, Anthony B., 1970. "On the measurement of inequality," Journal of Economic Theory, Elsevier, vol. 2(3), pages 244-263, September.
- Amartya Sen, 1976. "Real National Income," Review of Economic Studies, Oxford University Press, vol. 43(1), pages 19-39.
When requesting a correction, please mention this item's handle: RePEc:taf:jdevst:v:47:y:2011:i:9:p:1332-1352. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.