The paper provides new measures of global poverty that take seriously the idea of relative-income comparisons but also acknowledge a deep identification problem when the latent norms defining poverty vary systematically across countries. Welfare-consistent measures are shown to be bounded below by a fixed absolute line and above by weakly-relative lines derived from a theoretical model of relative-income comparisons calibrated to data on national...
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2017/08/24
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Documento de trabalho sobre pesquisa de políticas
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WPS8170
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1
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1
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2017/08/24
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Disclosed
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Welfare-consistent global poverty measures
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national poverty line
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