Identifying poverty levels requires accurate measurements
Wednesday, February 15, 2012 - 14:30
in Mathematics & Economics
When food prices spiked in 2008, the number of households that moved into poverty was overestimated by about 60 percent, according to a recent University of Illinois study. In middle-income countries such as Mexico that have more diversity in their diets, households are able to substitute other foods and cope with the change in prices.