Measuring global poverty levels is hard, so hard the actual numbers might be of limited use. According to Angus Deaton, the godfather of poverty measurement, "it seems impossible to make statements about changes in world poverty when the ground underneath one's feet is changing in this way."  I thought it would be helpful to illuminate why.  

Technically speaking, creating a measurement of global poverty is a daunting endeavor.  It hinges on three key things: 1) household surveys 2) a single ...

Continue reading ...