The poverty line in the U.S., for example, has nothing to do with the poverty line in India. It is a relative poverty line. It is reset from time to time but it is related to U.S. median income, so if I set that to be the absolute poverty line everyone in India would essentially be poor.
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"The poverty line in the U.S., for example, has nothing to do with the poverty line in India. It is a relative poverty line. It is reset from time to time but it is related to U.S. median income, so if I set that to be the absolute poverty line everyone in India would essentially be poor." — Abhijit Banerjee #moneywealth
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The poverty line in the U.S., for example, has nothing to do with the poverty line in India. I…
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The poverty line in the U.S., for example, has nothing to do with the poverty line in India. It is a relative poverty line. It is reset from time to time but it is related to U.S. median income, so if I set that to be the absolute poverty line everyone in India would essentially be poor. — Abhijit Banerjee
About Abhijit Banerjee
Abhijit Banerjee was a Economist from United States (1961–present).
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Who said "The poverty line in the U.S., for example, has nothing to do with the poverty l…"?
This quote is attributed to Abhijit Banerjee, a Economist from United States.
When did Abhijit Banerjee live?
Abhijit Banerjee lived from 1961 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.