Poverty, Relative to the Ability to Eradicate It: An Index of Poverty Reduction Failure
In 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 â€œworseâ€ 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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- Shaohua Chen & Martin Ravallion, 2004.
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