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Follow up question should be: did they also reclassify ‘extreme poverty’?
Poverty is defined as living in a household with consumption per capita below $2.15 per day.
They did not. Unless they forgot to account for inflation, but that would be a pretty glaring mistake to make.
Depends if that $2.15 was adjusted for inflation I guess.
I found this in the newsletter from Our World in Data and thought it was interesting to share here.
The researchers are from the University of San Diego. I shared the link above to the authors’ website because the university website is not opening for me.
The final version should be here, according to the newsletter and Google: https://econweb.ucsd.edu/~pniehaus/papers/how_poverty_fell.pdf
