Poverty in Decilia is measured relatively, with people in the bottom 10 percent of the income distribution

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Poverty in Decilia is measured relatively, with people in the bottom 10 percent of the income distribution being defined as poor. Suppose a politician in Decilia promises to halve the poverty rate in five years. Explain why this could never be achieved given the poverty statistic Decilia uses. Propose an alternative measure of poverty that would allow the politician to achieve that goal.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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