A New Understanding of Poverty Poverty Measurement Policy Implications 1st Edition by Krystian Niemietz,John Meadowcroft ISBN 0255366388 978-0255366380

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Product details:

ISBN 10: 0255366388 

ISBN 13: 978-0255366380

Author: Krystian Niemietz, John Meadowcroft

 This ground-breaking study on the measurement of poverty shows how policy in this field has taken a wrong turn with disastrous results. In recent years, poverty has generally been understood in ‘relative’ terms. That is, people are regarded as poor if they earn less than some benchmark relative to average earnings. One perverse result of such relative poverty measures amongst many is that poverty often declines in a serious recession when the better paid lose their jobs. The policy response of income transfers, which are used to address the perceived problem of relative poverty, has often led to serious problems that actually reduce long-term opportunities for poorer people. The author proposes an entirely new way of measuring poverty. If this measure were applied, public policy would orientate itself towards creating the conditions that allowed the poor to become better off. Such a strategy would focus not only on ensuring economic growth and more labour market participation, but also on supply-side reforms that would reduce the cost of living for the poor. This monograph is essential reading for all involved in the poverty debate. Its approach to the measurement of poverty and its policy conclusion are original and soundly based on evidence.

Table of contents:

The author
Author’s acknowledgements
Foreword by John Meadowcroft
Summary
List of tables and figures

Introduction

PART I: HOW TO MEASURE POVERTY AND WHY IT MATTERS
How to measure poverty
The measure matters
The understanding of poverty over time
The ‘rediscovery of poverty’ in the 1960s and the rebound of poverty in the 1980s
Different measures, different policies
Growth versus redistribution

PART II: TOWARDS A NEW MEASURE OF POVERTY
The flaws of relative measures
The flaws of income-based poverty measures
The role of product markets and price developments
Towards an expenditure-based ‘Consensual Budget Standard Approach’
Advantages of the new poverty measure

PART III: POVERTY MEASUREMENT AND GOVERNMENT POLICY
Poverty measurement in the UK
Child poverty policies
Tenets of an alternative anti-poverty strategy
Conclusion

References
About the IEA

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