While there has been progress in reducing
the number of people living below the poverty line, this has been
achieved largely by raising those considered ultrapoor to just above the
poverty line, rather than by boosting the standard of living of the
poor more broadly, according to a paper from Martin Ravallion, economist at Georgetown University’s Center for Economic Research.
“There has been very little absolute gain for the poorest,” Mr. Ravallion writes in a new working paper from the National Bureau of Economic Research.
“Using an absolute approach to identifying the floor, the increase in
the level of the floor seen over the last 30 years or so has been
small—far less than the growth in mean consumption.”
“The bulk of the developing world’s progress against poverty has been
in reducing the number of people living close to the consumption floor,
rather than raising the level of that floor,” Mr. Ravallion. “Growth in
mean consumption has been far more effective in reducing the incidence
of poverty than raising the consumption floor. In this sense, it can be
said that the poorest have indeed been left behind.”
the number of people living below the poverty line, this has been
achieved largely by raising those considered ultrapoor to just above the
poverty line, rather than by boosting the standard of living of the
poor more broadly, according to a paper from Martin Ravallion, economist at Georgetown University’s Center for Economic Research.
“There has been very little absolute gain for the poorest,” Mr. Ravallion writes in a new working paper from the National Bureau of Economic Research.
“Using an absolute approach to identifying the floor, the increase in
the level of the floor seen over the last 30 years or so has been
small—far less than the growth in mean consumption.”
“The bulk of the developing world’s progress against poverty has been
in reducing the number of people living close to the consumption floor,
rather than raising the level of that floor,” Mr. Ravallion. “Growth in
mean consumption has been far more effective in reducing the incidence
of poverty than raising the consumption floor. In this sense, it can be
said that the poorest have indeed been left behind.”
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