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Poverty Gap Index
The poverty gap index is a measure of the degree of poverty in a country. It is defined as "extent to which individuals on average fall below the poverty line, and expresses it as a percentage of the poverty line." The poverty gap index is an improvement over the poverty measure head count ratio, which simply counts all the people below a poverty line in a given population and considers them equally poor. Poverty gap index estimates the depth of poverty by considering how far the poor are from that poverty line on average. The poverty gap index sometimes referred to as '''poverty gap ratio''' or '''pg index is defined as an average of the ratio of the poverty gap to the poverty line. It is expressed as a percentage of the poverty line for a country or region. Significance The most common method measuring and reporting poverty is the headcount ratio, given as the percentage of the population that is below the poverty line. For example, ''The New York Times'' in July 2012 report ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poverty
Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse Biophysical environment, environmental, legal, social, economic, and political causes and effects. When evaluating poverty in statistics or economics there are two main measures: ''absolute poverty'' which compares income against the amount needed to meet basic needs, basic personal needs, such as food, clothing, and Shelter (building), shelter; secondly, ''relative poverty'' measures when a person cannot meet a minimum level of living standards, compared to others in the same time and place. The definition of ''relative poverty'' varies from one country to another, or from one society to another. Statistically, , most of the world's population live in poverty: in Purchasing Power Parity, PPP dollars, 85% of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gender Empowerment Measure
The Gender Empowerment Measure (GEM) is an index designed to measure gender equality. GEM is the United Nations Development Programme's attempt to measure the extent of gender inequality across the globe's countries, based on estimates of women's relative economic income, participation in high-paying positions with economic power, and access to professional and parliamentary positions. It was introduced at the same time as the Gender-related Development Index (GDI) but measures topics like empowerment that are not covered by that index. Since it was first adopted, the GEM has been employed in several academic studies related to empowerment as a reliable metric for comparing gender empowerment across different countries. It has also faced some harsh criticisms, and many alterations and alternatives have been proposed. History In 1995 in the ''Human Development Report'' commissioned by the United Nations Development Program set-out to create two new measurement indices for measuri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gender Development Index
The Gender Development Index (GDI) is an index designed to measure gender equality. GDI, together with the Gender Empowerment Measure (GEM), was introduced in 1995 in the Human Development Report written by the United Nations Development Program. These measurements aimed to add a gender-sensitive dimension to the Human Development Index (HDI). The first measurement that they created as a result was the GDI. The GDI is defined as a "distribution-sensitive measure that accounts for the human development impact of existing gender gaps in the three components of the HDI" (Klasen 243). Distribution sensitivity means that the GDI takes into account not only the average or general level of well-being and wealth within a given country but focuses also on how this wealth and well-being is distributed between different groups within society. The HDI and the GDI (as well as the GEM) were created to rival the more traditional general income-based measures of development such as gross domest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Development Index
The Human Development Index (HDI) is a statistical composite index of life expectancy, Education Index, education (mean years of schooling completed and expected years of schooling upon entering the education system), and per capita income indicators, which is used to rank countries into four tiers of Human development (humanity), human development. A country scores a higher level of HDI when the life expectancy at birth, lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher. It was developed by Pakistani economist Mahbub ul-Haq and was further used to measure a country's development by the United Nations Development Programme (UNDP)'s Human Development Report Office. The 2010 Human Development Report introduced an List of countries by inequality-adjusted Human Development Index, inequality-adjusted Human Development Index (IHDI). While the simple HDI remains useful, it stated that "the IHDI is the actual level of huma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Human Poverty Index
The Human Poverty Index (HPI) was an indication of the poverty of community in a country, developed by the United Nations to complement the Human Development Index (HDI) and was first reported as part of the Human Development Report in 1997. It is developed by United Nations Development Program which also publishes indexes like HDI It was considered to better reflect the extent of deprivation in deprived countries compared to the HDI. In 2010, it was supplanted by the UN's Multidimensional Poverty Index. The HPI concentrates on the deprivation in the three essential elements of human life already reflected in the HDI: longevity, knowledge and a decent standard of living. The HPI is derived separately for developing countries (HPI-1) and a group of select high-income OECD countries (HPI-2) to better reflect socio-economic differences and also the widely different measures of deprivation in the two groups. For developing countries (HPI-1) The Human Development Reports website su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multidimensional Poverty Index
Multidimensional Poverty Indices use a range of indicators (monetary, health, education and others) to calculate a summary poverty figure for a given population, in which a larger figure indicates a higher level of poverty. This figure considers both the proportion of the population that is deemed poor and the 'breadth' of poverty experienced by these 'poor' households, following the Alkire & Foster 'counting method'. The method was developed following increased criticism of monetary and consumption-based poverty measures, seeking to capture the deprivations in non-monetary factors that contribute towards well-being. While there is a standard set of indicators, dimensions, cutoffs and thresholds used for a 'Global MPI', the method is flexible and there are many examples of poverty studies that modify it to best suit their environment. The methodology has been mainly, but not exclusively, applied to developing countries. The Global Multidimensional Poverty Index (MPI) was developed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gini Coefficient
In economics, the Gini coefficient ( ), also known as the Gini index or Gini ratio, is a measure of statistical dispersion intended to represent the income distribution, income inequality, the wealth distribution, wealth inequality, or the consumption inequality within a nation or a social group. It was developed by Italian statistics, statistician and Sociology, sociologist Corrado Gini. The Gini coefficient measures the economic inequality, inequality among the values of a frequency distribution, such as income levels. A Gini coefficient of 0 reflects perfect equality, where all income or wealth values are the same. In contrast, a Gini coefficient of 1 (or 100%) reflects maximal inequality among values, where a single individual has all the income while all others have none. Corrado Gini proposed the Gini coefficient as a measure of social inequality, inequality of income inequality metrics, income or Wealth concentration, wealth. For Organisation for Economic Co-operatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oxford Economic Papers
''Oxford Economic Papers'' is a peer reviewed academic journal of general economics published by Oxford University Press Oxford University Press (OUP) is the publishing house of the University of Oxford. It is the largest university press in the world. Its first book was printed in Oxford in 1478, with the Press officially granted the legal right to print books ... since 1938. References Oxford University Press academic journals Economics journals English-language journals {{economics-journal-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harvard Magazine
''Harvard Magazine'' is an independently edited magazine and separately incorporated affiliate of Harvard University. It is the only publication covering the entire university and regularly distributed to all graduates, faculty, and staff. The magazine was founded in 1898 by alumni for alumni with the mission of "keeping alumni of Harvard University connected to the university and to each other". One of the magazine's founders was William Morton Fullerton, a foreign correspondent for ''The Times''. The magazine has gone through three name changes. It was originally called the ''Harvard Bulletin. ''In 1910, the name was changed to the ''Harvard Alumni Bulletin''. In 1973, it took on its current name'', Harvard Magazine. '' ''Harvard Magazine'' has a BPA Worldwide-audited circulation of 258,000 among alumni, faculty, and staff in the United States. References External linksOfficial website [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amartya Sen
Amartya Kumar Sen (; born 3 November 1933) is an Indian economist and philosopher. Sen has taught and worked in England and the United States since 1972. In 1998, Sen received the Nobel Memorial Prize in Economic Sciences for his contributions to welfare economics. He has also made major scholarly contributions to social choice theory, Economic justice, economic and social justice, economic theories of famines, decision theory, development economics, public health, and the measures of well-being of countries. Sen is currently the Harvard University Professor, Thomas W. Lamont University Professor, and Professor of Economics and Philosophy at Harvard University. He previously served as Master of Trinity College, Cambridge, Trinity College at the University of Cambridge. In 1999, he received India's highest civilian honour, Bharat Ratna, for his contribution to welfare economics. The German Publishers and Booksellers Association awarded him the 2020 Peace Prize of the German Book ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
