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Poverty Has Fallen Much More than Previously Thought

Poverty has fallen by 12.5 percentage points over the past 40 years, in spite of the fact that official government statics show the opposite with a rise in the number of poor, according to new research by Bruce Meyer of the University of Chicago and James Sullivan of the University of Notre Dame. In this video, BPEA co-editor Justin Wolfers describes the research presented at the Fall 2012 Brookings Panel on Economic Activity. Learn more about BPEA at: http://goo.gl/yLo81
Length: 01:27

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