Economics
Reassessing the econometric measurement of inequality and poverty: toward a cost-of-living approach
A. Au
This research conducted by Anson Au reveals that traditional measures of poverty and inequality, such as the Gini Index, may conceal the reality of social mobility and actual poverty levels in advanced economies. Using Hong Kong as a case study, it introduces a cost-of-living approach that uncovers a staggering poverty rate much higher than previously recognized, calling attention to a significant number of overlooked households.
~3 min • Beginner • English
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