TY - BOOK
T1 - Poor trends - The pace of poverty reduction after the Millennium Development Agenda
AU - Bluhm, R
AU - de Crombrugghe, D.P.I.
AU - Szirmai, A.
PY - 2014/1/1
Y1 - 2014/1/1
N2 - We review the origins of the dollar-a-day poverty line, discuss historical poverty and inequality trends, and forecast poverty rates until 2030 using a new fractional response approach. Three findings stand out. First, global poverty reduction since 1981 has been rapid but regional trends are heterogeneous. Second, the pace of poverty reduction at 1.25$ a day will slow down. Our optimistic scenarios suggest a poverty rate of 8-9% in 2030, far short of the World Bank's new 3% target. Third, rapid progress can be maintained at 2$ a day, with an additional one billion people crossing that line by 2030. Keywords: poverty, inequality, consumption growth
AB - We review the origins of the dollar-a-day poverty line, discuss historical poverty and inequality trends, and forecast poverty rates until 2030 using a new fractional response approach. Three findings stand out. First, global poverty reduction since 1981 has been rapid but regional trends are heterogeneous. Second, the pace of poverty reduction at 1.25$ a day will slow down. Our optimistic scenarios suggest a poverty rate of 8-9% in 2030, far short of the World Bank's new 3% target. Third, rapid progress can be maintained at 2$ a day, with an additional one billion people crossing that line by 2030. Keywords: poverty, inequality, consumption growth
M3 - Book
T3 - UNU-MERIT Working Papers
BT - Poor trends - The pace of poverty reduction after the Millennium Development Agenda
PB - UNU-MERIT working papers
ER -