Although poverty reduction has been a mainstay of its work for decades, the World Bank has for the first time, committed to a specific poverty reduction target to guide its work. Similarly, the goal to boost shared prosperity gives more explicit attention to inclusive growth than has been the case in the past and paves the way for a focus on inequality, not only of opportunity but also of final outcomes. The goals seek to provide the global development community with a unified sense of purpose and to galvanize action around clear and easily communicable objectives. This report goes beyond motivating the importance of the new goals, to focusing squarely on issues of measurement and data. The objective of the report is to articulate what measuring the poverty and shared prosperity goals entails and to identify areas where improvements in data are needed to assess and monitor them. The chapters lay out the conceptual underpinnings of the World Bank's two goals and assess what reaching them will require; discuss the relative strengths and weaknesses of the goals by contrasting them with alternative indicators; and present empirical approaches to tracking progress. This policy research report is structured in three parts, mirroring the three broad aims of the report. The first part provides a general overview of the conceptual underpinnings of the two goals and their assessment. The second part places the World Bank's two goals in a wider context. The third part of the report specifically addresses issues related to the empirical monitoring of the goals in greater technical detail.
Details
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Author
Chen,Shaohua, Jolliffe,Dean Mitchell, Kraay,Aart C., Lanjouw,Peter F., Meyer,Christian Johannes, Negre Rossignoli,Mario, Prydz,Espen Beer, Vakis,Renos, Wethli,Ruth Kyla Dolny
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Document Date
2014/10/08
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Document Type
Publication
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Report Number
91350
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2014/10/14
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Disclosure Status
Disclosed
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Doc Name
A measured approach to ending poverty and boosting shared prosperity : concepts, data, and the twin goals
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Keywords
global poverty;effect of growth on poverty;gross domestic product per capita;shared prosperity goal;rate of poverty reduction;average per capita income;degradation of natural resource;Growth and Shared Prosperity;availability of poverty data;spatial concentration of poverty;inequality and shared prosperity;capacity for data collection;social welfare function;household survey data;purchasing power parity;international poverty line;global poverty target;extreme poverty goal;effective poverty reduction;frequently asked question;consumption growth rate;poverty reduction effort;measure of poverty;understanding of poverty;global poverty measurement;global consumption poverty;choice of indicators;formal labor market;relative poverty line;equality of opportunity;design of policy;share of income;national poverty reduction;equality of outcome;incidence of poverty;consumer price index;national poverty estimates;privileges and immunity;household consumption survey;global development goals;Access to Education;measurement of poverty;international development community;evolution of inequality;nature of poverty;national growth rate;measuring global poverty;quality of data;cost of living;natural resource depletion;poverty reduction target;consumption per capita;national account;inclusive growth;income growth;
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Citation
Chen,Shaohua Jolliffe,Dean Mitchell Kraay,Aart C. Lanjouw,Peter F. Meyer,Christian Johannes Negre Rossignoli,Mario Prydz,Espen Beer Vakis,Renos Wethli,Ruth Kyla Dolny
A measured approach to ending poverty and boosting shared prosperity : concepts, data, and the twin goals (English). A World Bank policy research report Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/197121468337164983/A-measured-approach-to-ending-poverty-and-boosting-shared-prosperity-concepts-data-and-the-twin-goals