Absolute and Relative Poverty Measurement : A Survey

This paper reviews the debate opposing the absolute and relative approaches to monetary poverty measurement. The arguments for combining both approaches into a single “overall” monetary poverty measure are introduced. The most salient proposals of...

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Bibliographic Details
Main Author: Decerf, Benoit
Language:English
Published: World Bank, Washington, DC 2022
Subjects:
Online Access:http://documents.worldbank.org/curated/en/099718004182241161/IDU00220e87405568049f40b4e405d19302f1978
http://hdl.handle.net/10986/37325
Description
Summary:This paper reviews the debate opposing the absolute and relative approaches to monetary poverty measurement. The arguments for combining both approaches into a single “overall” monetary poverty measure are introduced. The most salient proposals of hybrid poverty lines are presented. Then, the reasons why specific poverty indices may be required when a hybrid line is used are discussed. The class of hierarchical poverty indices is described, focusing in particular on the hierarchical headcount ratio.