Unidimensional Poverty Measurement

Instructor: James Foster, Professor of Economics and International Affairs, George Washington University, and OPHI Research Associate

Class Objectives: This class covers the Foster-Greer-Thorbecke (FGT) class of poverty measures and also reviews a number of properties and considerations pertaining to income-based poverty measurement.


Part 1

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Part 2

[flashvideo title=Unidimensional Poverty image=wp-content/uploads/default_video.jpg file=wp-content/uploads/James_Foster_Lecture_1_Part_2-1.m4v /]

Reading List
Key readings:
Foster, J., J. Greer, and E. Thorbecke (1984): “A Class of Decomposable Poverty Measures,” Econometrica, 52, 761-766.
Foster , J. E. (1998): “Absolute Versus Relative Poverty,” The American Economic Review, 88, 335-341.
— (2006): “Poverty Indices,” in Poverty, Inequality and Development: Essays in Honor of Erik Thorbecke, ed. by A. de Janvry, and R. Kanbur. Economic Studies in Inequality, Social Exclusion and Well-Being. New York: Springer, 41-65.
Foster, J. E., and A. K. Sen (1997): “After a Quarter Century,” Substantial Appendix to A. K. Sen On Economic Inequality. Oxford: Clarendon Press. (especially the section on poverty)

Background readings:
Clark , S., R. Hemming, and D. Ulph (1981): “On Indices for the Measurement of Poverty,” The Economic Journal, 91, 515-526.
Sen , A. K. (1976): “Poverty: An Ordinal Approach to Measurement,” Econometrica, 44, 219-231.
Shorrocks , A. F. (1997) “Revisiting the Sen poverty index,” Econometrica, 63, 1225