Multidimensional poverty in Latin America and the Caribbean: new evidence from the Gallup World Poll

Abstract

This paper studies poverty in Latin America and the Caribbean from a multidimensional perspective, exploiting the Gallup World Poll, a survey that provides a unique opportunity to perform intercountry comparisons. By applying factor analysis we find that welfare can be appropriately summarized by three dimensions: income, subjective welfare and “basic needs”. Another finding is that the US$ 1 line appears to be a reasonable cut-off value to measure food deprivation.