Income Inequality and Poverty in Pabna Municipality, Bangladesh: An Empirical Analysis

Author:

Md. Enamul Haque

Journal: Bangladesh Journal of Political Economy

(pp: 319-332) | Doi No: http:/doi.org/10.56138/bjpe.jun2219

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Abstract

Pabna District is located in Bangladesh’s Rajshahi division. It covers 2371.50 square kilometres and is situated between 23°48’ and 24°21’ north latitudes and 89°00’ and 89°44’ east longitudes. Natore and Sirajgonj districts on the north, Padma River, Rajbari and Kushtia districts on the south, Manikganj and Sirajgonj districts and the Jamuna river on the east, Padma River, Natore and Kushtia districts on the west and the Padma river on the west.

It has a total population of 2176270, with males accounting for 1126084 and females accounting for 1050186; Muslims account for 2099160, Hindus for 73839, Buddhists for 3023, Christians for 78, and others for 170. An extreme concentration of wealth or income in the hands of a small population is known as income inequality, and it has been referred to as the wealth gap between the wealthy and the rest.

According to the Urban Institute’s research of 50 years of economic statistics, the poorest have gotten poorer while the wealthiest have gotten significantly wealthier. Between 1963 and 2016, the world’s richest 1% owned 45 per cent of the world’s wealth. Poverty is a state of being unable to meet one’s necessities.

These can be defined as “those required for survival” or, more broadly, as “those reflecting the community’s current standard of living.” The quantity and scope of poverty in any country are determined by the average level of national income and the degree of economic disparity—clearly, the greater the national per capita income disparity, the more uneven the  distribution.

 

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