Title: Poor trends - The pace of poverty reduction after the Millennium Development Agenda
Abstract: 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
Publication Year: 2014
Publication Date: 2014-01-01
Language: en
Type: preprint
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Cited By Count: 22
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