Poverty without poverty line
I propose a new cardinal measure of poverty, which builds on the intuitive notion that a person with half the income of another is twice as poor. Mathematically, this implies that poverty is the reciprocal of income. The resulting aggregate measure has a simple interpretation: it is the average numb...
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| Format: | Working paper |
| Jezik: | English |
| Izdano: |
University of Oxford
2024
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