What Is Wrong with the Poverty Line
What Is Wrong with the Poverty Line
Using household income to measure income inequality and define poverty has many flaws. Comparing individuals and households of the same age cohort is far more likely to be meaningful, because it is comparing households with their peers who are at the same stage of their life cycle, have grown up in the same era, and have the same vintage of schooling. Age is the better choice for anchoring the poverty line, not household size.
Keywords: Poverty line, Household, Schooling, Income, Population, Elderly, Family
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