A Family of Multidimensional Poverty Measures
Françoìs Bourguignon, Satya Ranjan Chakravarty
Abstract
Françoìs Bourguignon, Satya Ranjan Chakravarty
Abstract
Removal of poverty has been and continues to be one of the primary aims of economic policy in many countries. Two important questions that arise in this context are: What exactly do we mean by poverty? In what sense do we say that poverty of a nation has increased or decreased over a certain time period? The first question addresses the problem of ‘perception of poverty’. The second question deals with ‘measurement of poverty’. In this paper we are interested in the measurement aspect of poverty. Since the efficacy of an antipoverty policy is evaluated by observing changes in the level of poverty, the way poverty is measured is important both for an understanding of poverty and for policy applications. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Removal of poverty has been and continues to be one of the primary aims of economic policy in many countries. Two important questions that arise in this context are: What exactly do we mean by poverty? In what sense do we say that poverty of a nation has increased or decreased over a certain time period? The first question addresses the problem of ‘perception of poverty’. The second question deals with ‘measurement of poverty’. In this paper we are interested in the measurement aspect of poverty. Since the efficacy of an antipoverty policy is evaluated by observing changes in the level of poverty, the way poverty is measured is important both for an understanding of poverty and for policy applications. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Key concepts: Poverty, Measuring poverty, Perception, Context (archaeology), Culture of poverty, Development economics, Basic needs, Economics