The World Bank has published a book co-authored by OPHI Researcher Suman Seth and Research Associate James Foster with the Bank’s Michael Lokshin and Zurab Sajaia, titled ‘A Unified Approach to Measuring Poverty and Inequality: Theory and Practice‘.
Part of the World Bank training series, the book is an introduction to the theory and practice of measuring poverty and inequality. It’s also a user’s guide for analyzing income or consumption distribution for any standard household dataset using the World Bank’s ADePT software, which was created by the poverty team of the World Bank’s Development Research Group, Development Economics.
Lokshin is Lead Economist in the Development Research Group, which also includes Sajaia. Foster is Professor of Economics and International Affairs at The Elliott School of International Affairs at The George Washington University.
The approach taken in the book considers income standards as building blocks for basic measurement, then uses them to construct inequality and poverty measures. This unified approach provides advantages in interpreting and contrasting the measures and in understanding the way measures vary over time and space.
Of interest to teachers and students as well as to policy practitioners, ‘A Unified Approach to Measuring Poverty and Inequality’ aims to empower researchers to plumb greater depths in searching for regularity in larger and larger datasets.
You can find out more about the book here.