A Meta-Theory for Absolute Poverty Lines

Absolute poverty lines aim to track a fixed poverty standard consistently. There are two main approaches for the construction of absolute poverty lines. The "welfaristic" approach tracks a fixed level of utility, and the "objective" approach tracks a fixed list of achievements. A...

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Bibliographic Details
Main Author: Decerf, Benoit
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2023
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
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245 0 0 |a A Meta-Theory for Absolute Poverty Lines  |h Elektronische Ressource  |c Benoit Decerf 
260 |a Washington, D.C  |b The World Bank  |c 2023 
300 |a 65 pages 
653 |a Poverty Lines 
653 |a Poverty Monitoring and Analysis 
653 |a Absolute Poverty 
653 |a Heterogeneous Preferences 
653 |a Poverty Reduction 
653 |a Global Poverty 
653 |a Poverty and Development Research 
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520 |a Absolute poverty lines aim to track a fixed poverty standard consistently. There are two main approaches for the construction of absolute poverty lines. The "welfaristic" approach tracks a fixed level of utility, and the "objective" approach tracks a fixed list of achievements. As they yield different poverty comparisons, longstanding debates between their respective proponents take place both at global and national levels. However, these debates only provide informal arguments about their respective theoretical validity. This paper proposes a meta-theory for the consistency properties of absolute poverty lines under heterogeneous prices and heterogeneous preferences. The results identify the sets of consistency properties that fully characterize the poverty lines underpinned by these approaches. Which approach has better consistency properties depends on two aspects of the application for which poverty is monitored