Social Policy Trends - Poverty Reduction: policy initiatives or economic growth?
Résumé
A poverty line defines a level of income below which a person or household with that income is considered to be experiencing poverty. The Low-Income Cut-Off (LICO) is one of the oldest poverty lines in use in Canada, providing us with data back to 1976. This makes it useful for showing long-term trends. Statistics Canada uses a version of the LICO that measures poverty after accounting for income transfers to measure the percentage of Canadians experiencing poverty. I will call this the poverty rate.
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