PPT-Part 3, Chapter 7: Dimensions Poverty and Inequality in the World: Non-income dimensions

Poverty and Inequality in the World Nonincome dimensions Martin Ravallion Georgetown University course ECON 156 Poverty Lecture notes to accompany Ravallions The Economics of Poverty. Francisco H. G. Ferreira. Deputy Chief Economist, LCR. 1. It’s the correlations.. When might you want to analyze poverty “multi-. dimentionally. ”?. When there are at least two welfare dimensions of interest between which there are no natural aggregators (e.g. prices)…. Human Development Report Office, UNDP. Workshop on Measuring Human Development, . June 14,2013. GIZ, . Eschborn. , Germany. 1. HDI and Inequality. United Nations Development . Programme. . Human Development Report Office. Elisabetta Aurino. Partnership for Child Development. Imperial College London. & University of Oxford. Recalling unidimensional approach?. Limits – spell out. Problems with unidimensional approach. Measuring and Understanding the Ravages of Inequality . Defining Poverty. Poverty can be defined, in a very broad sense, as a general scarcity or the state of one who lacks a certain amount of material possessions and/or money.. “The federal government declared a war on poverty, and poverty won”. Ronald Reagan, Former President of the United States, . State of the Union Message, 1988.  . “. There was never a war on poverty. . Elisabetta Aurino. Partnership for Child Development. Imperial College London. & University of Oxford. Learning outcomes for this session. Importance of measurement for policy. Conceptual differences in the measurement of poverty, well-being and inequality. Matter; How . Does it Differ to Focussing on . Poverty?. Duncan Green. Oxfam GB. Ambedkar. University. November 2013. What do we mean by Poverty?. Absolute v Relative income. Multidimensional – narrow (. Dr Max Price. Vice-Chancellor. University of Cape Town. OUTLINE. Examine trends post-apartheid (since 1994). Income inequality. Overall, by race, by gender. Poverty . Overall, by race, by gender. Composition of income and impact of social grants. Making things fit. General rules of dimensioning (1). Dimensions . should NOT be duplicated, or the same information be given in two different . ways.. No . unnecessary dimensions should be used - only those needed to produce or inspect the . Previously. The demand for each factor of production is a derived demand that stems from a firm’. s desire to supply a good in another market.. Labor markets reconcile the forces of demand and supply into a wage signal that conveys information to both sides of the market.. Income Inequality and Poverty How Much Income Inequality Exists in the United States? Share of Money Income by Quintile, 1970-2011/2014 During the last four decades, the share of income earned by the top quintile has steadily risen, whereas that earned by the lowest has fallen. established by the United Nations University (UNU) as its first research and training centre and started work in Helsinki, Finland in 1985. The Institute undertakes applied research and policy analy Martin . Ravallion. . Georgetown University ECON 156: Poverty and Inequality. Lecture notes to accompany . Ravallion’s. . The Economics of Poverty.. 2. . 5. Measuring inequality. (EOP Ch.5). . Martin . Ravallion. 1. Public Lecture, . Ungku. Aziz Center for Development Studies, . University of Malaya, January 29 2019. Inequality is getting much attention globally. Part A: How are we doing? .