How To measure extreme Poverty- Your suggestions solicited

While dealing with the countries one needs to have a clear assessment of the poverty level before venturing in. Because Poverty has a directly linked with education it  is important to have a clear understanding of it.

Here are a few questions that are worth answering  by yourself:-

1. In measuring poverty, is it enough to look at people’s incomes and consumption measured by some money metric?

2. Should we track poverty on other dimensions? If so, which and how?

3. How can we make sure the poverty measures realistically reflect that people living in poverty may face different prices or different access to education, health care and public goods?  What adjustments to the measures do you think may be necessary?

4. Should the yardstick be held constant, not in terms of money, but of functioning, calorie needs, or other ultimate objectives?

5. In addition to the poverty headcount, should we measure the change in the living standards of the bottom (say) 20 per cent of the world’s population? If so, why would you find such information useful?

6. Does relative deprivation matter or should our aim be to measure it by some absolute yardstick? Why might you be interested in relative deprivation?

7. Besides the set of commonly used poverty measures like poverty headcount and poverty gap, should we also include measures of persistent poverty and precariousness, and, if so, how should they be measured?  In your view, do you think the nature of poverty, whether it’s temporary or persistent, and the vulnerability of the non-poor falling into poverty are important and how can they be measured?

8. If we track several dimensions of poverty, in addition to money metrics, should they be combined in a multi-dimensional poverty indicator?  What may be some dimensions to consider and how would you suggest combining them?