There is growing support for monitoring global poverty using a measure that accounts for both own and relative income. This paper shows how—in the context of heterogeneous preferences over these factors—the well-known conflict between fairness and welfare-consistency can be resolved, establishing the first preference-based foundation for both the established societal global poverty line and recently proposed hierarchical poverty indices. The paper...
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详细
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2021/11/08
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政策研究报告
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WPS9844
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1
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1
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2021/11/08
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Disclosed
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Global Income Poverty Measurement with Preference Heterogeneity : Theory and Application
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relative income