Template-type: ReDIF-Paper 1.0
Author-Name: Crombrugghe, D.P.I. de
Author-Email: d.decrombrugghe@maastrichtuniversity.nl
Author-Workplace-Name: SBE, Maastricht University
Author-Name: Szirmai, A.
Author-Email: szirmai@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Author-Name: Bluhm, R.
Author-Email: bluhm@merit.unu.edu
Author-Workplace-Name: UNU-MERIT
Title: Poor trends: The pace of poverty reduction after the Millennium Development Agenda
Abstract: We review the origins of the dollar-a-day poverty line, discuss  historical poverty
	 and inequality trends, and forecast poverty rates  until 2030 using a new fractional response approach.
	 Three findings  stand out. First, global poverty reduction since 1981 has been rapid but  regional trends
	 are heterogeneous. Second, the pace of poverty reduction  at 1.25 a day will slow down. Our optimistic
	 scenarios suggest a  poverty rate of 8-9 in 2030, far short of the World Banks new 3  target. Third, rapid
	 progress can be maintained at 2 a day, with an  additional one billion people crossing that line by 2030.
Classification-JEL: I32, O10, O15
Keywords: poverty, inequality, poverty reduction, consumption growth, MDGs, dollar-a-day
Series: UNU-MERIT Working Papers
Creation-Date: 20140131
Number: 2014-006
File-URL: https://unu-merit.nl/publications/wppdf/2014/wp2014-006.pdf
File-Format: application/pdf
File-Size: 603 Kb
Handle: RePEc:unm:unumer:2014006