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Needs-adjusted nonsense and the new poverty

Hans-Werner Sinn
ifo Institut für Wirtschaftsforschung, München, 2008

ifo Schnelldienst, 2008, 61, Nr. 10, 14-16

If we believe the latest poverty report of the German federal government, 13 percent of the population in Germany is at risk of poverty. Are the calls of alarm that we hear in the media correct, or is the public discussion suffering from misleading concepts and has it been taken in by a statistical artefact?

JEL Classification: I300

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ifo Institut für Wirtschaftsforschung, München, 2008