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In a recent SNL sketch Bill Haider is a white celebrity filming a commercial in a village using black people as props to plead for “39 cents a day” which he claims is “all these people need to survive.”
Angus Deaton said he didn’t mind poverty analysis as long as the poverty line is infinity. Stevenson and Wolfers (2013) assemble the array of survey based measures of subjective well- being (SWB), such as “life satisfaction” or “happiness” and search for income satiation.
In an op-ed last week, “Reading Piketty in India,” I noted how poor the U.S. was in the mid-19th century. As best I can determine from the data available, the proportion of America’s population living below India’s poverty line was roughly as high then as it is in India today.
Last week saw the release of the new 2011 Purchasing Power Parity (PPP) rates for GDP produced by the International Comparison Program (ICP). The ICP is a major global statistical operation. The Global Office is housed in the World Bank but the ICP is implemented separately in each region by designated regional counterparts.
1. Tell us a bit about your work with the Center for Global Development
CGD is a ‘think and do tank’ established in Washington, DC in 2001, doing rigorous research with the aim of producing policy proposals to improve the development impact of (or reduce the damage done by) rich countries. I work for CGD Europe, based in London, as a research fellow leading on illicit financial flows, and continuing to dabble in inequality.
Two main objections have been raised (by the High Level Panel on Post-2015, for example) to including an income inequality target in the post-2015 framework. One is technical, namely the claim that there isn’t a good enough measure of inequality. I don’t take this very seriously. Is this one area of measurement too complex?