Lecture 1 Notes

8318779 08517124 05598547 0352742 02385892 04232031

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Unformatted text preview: 0.7008179 0.3630897 0.4157869 0.365237 0.1070044 0.7533257 0.6991292 0.238627 3.003163 1.039394 1.018669 1.172067 1.646113 1.989362 1.47728 1.845001 1.42613 1.697905 0.8925693 0.5636364 0.4165608 0.5453798 0.7636554 0.7446227 0.5117929 0.5225847 0.4225321 0.5778195 1.317061 1.293939 1.663275 1.061756 1.013791 1.421973 1.026184 1.05761 0.7071783 1.005795 0.635378 0.2757576 0.8335569 0.3236976 0.2835233 0.4749397 0.2389448 0.2573899 0.6967021 0.2158147 2.267817 2.227559 1.861013 2.942235 2.869345 2.988264 2.813905 2.377336 2.495158 2.876323 0.9397745 0.4989813 0.4066677 0.3522084 0.413202 0.3829419 0.4888128 0.5910142 0.4108896 0.6423018 0.4567574 0.3522435 1.811298 1.222347 1.358147 0.9433749 1.252339 1.253461 0.9862231 1.257741 0.9707615 1.368768 1.02991 0.9438348 0.4581137 0.2587095 0.3778105 0.2887882 0.4174558 0.3620298 0.2519777 0.4318625 0.2971886 0.5451272 0.3058478 0.1808534 2.335259 1.682279 1.511564 1.137033 0.8941389 0.9411678 1.347131 1.918093 1.229715 1.393872 1.392748 1.220317 0.9145386 0.4352029 0.49102 0.3420159 0.4064281 0.4715392 0.6082729 0.6186932 0.3936079 0.5882369 0.4550529 0.3294099 1.295418 1.047535 1.402095 0.9784824 1.256622 1.136004 0.9912466 1.38542 0.9365241 1.064175 0.8360943 0.855065 0.4183922 0.2842566 0.419623 0.2627407 0.397603 0.3489086 0.3150775 0.4669165 0.3189041 0.4357492 0.3384566 0.2327247 2.384464 3.601835 1.44092 2.350831 1.990475 2.249281 2.719685 2.998437 2.63802 2.12633 2.53434 2.48946 0.7220769 0.4296889 0.4439105 0.5234351 0.485482 0.6288284 0.5576077 0.5750275 0.4838437 0.5370345 1.848683 1.219211 1.525618 1.179056 1.140665 1.300856 1.256044 1.485255 1.049367 1.030758 0.5703453 0.2366745 0.5089126 0.362634 0.3437782 0.3632465 0.2606437 0.5224957 0.414594 0.207165 2.45891 0.7727851 0.8760152 1.017721 1.329313 1.758454 1.559565 1.233012 1.190848 1.268939 0.8077151 0.4447881 0.4067585 0.4652054 0.6281453 0.7107547 0.5512478 0.5849377 0.4942869 0.4137023 1.11699 1.243405 1.606952 1.066386 0.9929218 1.46305 0.962274 1.184646 0.7823718 1.102973 0.5436647 0.2481353 0.4441536 0.3814492 0.2941304 0.4470149 0.3051204 0.3265471 0.4480715 0.2388155 2.470688 1.779609 1.706557 2.518073 2.484601 2.700846 2.664829 1.722113 2.262439 2.428151 How the poor spend their money Common image of the poor is that they do not get to make real choices Historically poverty lines captured just enough to purchase a certain amount of calories and some indispensable purchases (housing) Poor = not enough to eat Average person under $1 a day does not spend all money on food 56% – 75% 28 Non-food expenditures: alcohol and tobacco (4-8% annual budget) Festivals (weddings, funerals, and religious occasions) (10% annual budget) poor do have some choice 29 Table 3: How the poor spend their money As a Share of Total Consumption Food Living on less than $1 a day Rural Cote d'Ivoire Guatemala India - Udaipur India - UP/Bihar Indonesia Mexico Nicaragua Pakistan Panama Papua New Guinea Peru South Africa Timor Leste Urban Cote d'Ivoire India - Hyderabad Indonesia Mexico Nicaragua Pakistan Papua New Guinea Peru South Africa Timor Leste Living on less than $2 a day Rural Cote d'Ivoire Guatemala India - Hyderabad India - UP/Bihar Indonesia Mexico Nicaragua Pakistan Panama Papua New Guinea Peru South Africa Timor Leste Urban Cote d'Ivoire Guatemala India - Hyderabad Indonesia Mexico Nicaragua Pakistan Panama Papua New Guinea Peru South Africa Timor Leste 64.4% 65.9% 56.0% 80.1% 66.1% 49.6% 57.3% 67.3% 67.8% 78.2% 71.8% 71.5% 76.5% Alcohol/ Tobacco 2.7% 0.4% 5.0% 3.1% 6.0% 8.1% 0.1% 3.1% Education Health Entertainment 4.1% 1.0% 2.5% 0.0% 5.8% 0.1% 1.6% 0.3% 6.3% 6.9% 2.3% 3.4% 2.5% 1.8% 1.9% 0.8% 0.8% 2.2% 0.3% 5.1% 5.2% 1.3% 0.0% 4.1% 3.4% 4.0% 0.3% 0.4% 0.0% 0.9% 1.3% 0.1% 14.1% 2.2% 2.2% 0.0% 0.0% 2.4% 0.0% 1.5% 0.0% 0.1% 0.0% 0.7% 0.0% 0.3% 0.6% 0.2% 0.0% 0.1% 0.0% 80.3% 2.7% 1.8% 64.8% 0.0% 21.7% 3.2% 0.0% 90.3% 49.0% 65.0% 59.8% 58.5% 59.6% 56.3% 63.4% 81.7% 58.5% 57.9% 74.1% 3.5% 2.5% 5.5% 3.6% 1.0% 3.0% 0.6% 0.2% 5.0% 0.0% 5.1% 4.7% 8.8% 6.3% 3.6% 6.1% 0.4% 2.9% 1.2% 0.7% 1.6% 4.6% 0.9% 0.0% 6.6% 3.8% 0.0% 0.4% 0.0% 1.3% 0.0% 1.2% 0.0% 0.1% 0.0% 0.3% 1.9% 0.0% 0.1% 0.0% 2.5% 4.3% 2.0% 0.1% 0.0% 2.2% 0.0% 73.9% 87.2% 1.6% 2.5% 60.4% 0.0% 4.2% 0.0% 92.2% 51.9% 62.5% 53.6% 2.2% 0.5% 7.2% 0.1% 2.3% 0.5% 0.1% 1.9% 0.2% 67.8% 14.6% 76.8% 65.0% 50.1% 60.6% 66.0% 66.2% 68.5% 70.8% 67.4% 75.1% 3.0% 6.8% 6.5% 0.6% 2.9% 5.1% 1.3% 3.4% 0.0% 0.2% 5.4% 6.8% 2.9% 3.2% 3.4% 2.5% 2.2% 1.0% 0.9% 6.1% 1.4% 0.1% 4.2% 3.6% 4.3% 0.4% 0.5% 0.1% 0.8% 0.1% 0.2% 0.4% 0.1% 0.3% 1.2% 0.2% 0.1% 0.3% 0.0% 3.0% 2.5% 0.4% 0.0% 3.3% 0.0% 2.5% 89.0% 6.6% 4.2% 67.8% 1.1% 36.7% 3.1% 0.0% 91.0% 59.3% 66.1% 3.3% 4.9% 1.8% 0.1% 2.5% 77.0% 53.9% 60.1% 56.7% 59.9% 60.2% 50.7% 61.6% 56.4% 56.9% 65.3% 2.7% 6.3% 4.2% 0.7% 2.9% 7.3% 7.6% 5.6% 5.7% 6.3% 6.5% 0.8% 3.6% 0.9% 1.6% 5.8% 1.5% 0.0% 4.6% 4.2% 13.1% 0.8% 0.4% 0.2% 0.7% 1.7% 0.2% 0.2% 0.3% 0.4% 1.9% 3.4% 0.1% 0.3% 0.0% 5.4% 2.1% 0.3% 0.0% 2.9% 0.2% 2.3% 90.9% 3.7% 4.9% 66.7% 9.6% 30.4% 2...
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