Economics Poverty Questions
The poverty headcount ratio severity elasticity is a measure used in economics to assess the sensitivity of changes in poverty severity to changes in the poverty headcount ratio. It quantifies the extent to which a change in the poverty headcount ratio affects the severity of poverty. A higher elasticity indicates that a small change in the poverty headcount ratio leads to a larger change in poverty severity, while a lower elasticity suggests that poverty severity is less responsive to changes in the poverty headcount ratio.