Poverty and Social Mobility

Question 1

Define Poverty

Answer 1

Multidimensional concepts that seek to measure levels of deprivation encountered by a person, household or community

Question 2

Ways of measuring poverty

Answer 2

1. International poverty line
2. National poverty line
3. Relative/ absolute poverty

Question 3

What is the international poverty line

Answer 3

Set at $2.15 per person per day using 2017 figures
- adjusted for purchasing power parity

Question 4

What is the Natiional Poverty line

Answer 4

World banks tracks it at $3.65 a day for low to middle income countries and $6.85 per day upper counties
- The definition of Price can vary so also looks at Country’s development progress

Question 5

What is Relative/ Absolute poverty

Answer 5

• Measure in UK by disposable income
• Relative = households with lower than 60% of median income in a yr
• Absolute = Households with lower than 60% of median income, base year of 2010/11, adjusted for inflation

Question 6

What is an inequality measure?

Answer 6

• Helps to understand disparities of income, wealth, consumption and others

Question 7

How does the inequality measure work?

Answer 7

Identify groups/ regions that are disproportionately affected by inequality, helps design targeted policies to address

Question 8

What is poverty measures

Answer 8

Useful for assessing and prevaling the severity of economic deprivation within population
- extend people cant meet basic needs
- Informs and design polices aim to reducing poverty and improving living standards

Question 9

Ways to tackel poverty

Answer 9

Need to look beyond incomes
- Access to public services
- Access to essentials
- Deprivation bundles

Question 10

What is Social mobility?

Answer 10

Change in a person’s socio - economic situation, able to move up or down

Question 11

What is inter - generational mobility?

Answer 11

Compares person’s social economic status to parents
- Harder to move up due to deficits in education, health
- 50% of kids with managers parents are likely to become managers

Question 12

What is intra - generational mobility?

Answer 12

Compares person’s social mobility over their lifetime
- 60% of people remain stuck at bottom 20%

Question 13

What does the great gatsby curve show?

Answer 13

Relationship between inequality and intergenerational mobility

Question 14

Why should we care about social mobility?

Answer 14

It can hurt the foundations of economic growth
- Missing talent, investment opportunities

Question 15

How to increase social mobility?

Answer 15

• Quality early education
• Quality healthcare
• Familty polices (child benefits)
• Improve labour conditions for mothers
• Wealth taxation
• Improve housing and transport
• Access to higher education
• Reduce spatical segregation: = access to public health, education + higher and employment