Ideas to Action:
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CGD works to reduce global poverty and improve lives through innovative economic research that drives better policy and practice by the world’s top decision makers.
CGD experts offer ideas and analysis to improve international development policy. Also check out our Global Health blog and US Development Policy blog.
Last week, we sat down with Lawrence to record a Wonkcast on our new working paper The Median is the Message: A Good-Enough Measure of Material Well-Being and Shared Development Progress. In the paper, we argue that survey-based median household consumption expenditure (or income) per capita should be incorporated into standard development indicators, as a simple, robust, and durable indicator of typical individual material well-being in a country.
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