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Book Synopsis
What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanismsnot just financial, but also environmental, physical, and psychologicalthat may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate pove

The Economics of Poverty Traps NBER National

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    A Hardback by Christopher B. Barrett, Michael Carter, Jean-Paul Chavas

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      Publisher: The University of Chicago Press
      Publication Date: Publication Date: 07/12/2018
      ISBN13: 9780226574301, 978-0226574301
      ISBN10: 022657430X
      Also in:
      Housing and homelessness Poverty and precarity

      Description

      Book Synopsis
      What circumstances or behaviors turn poverty into a cycle that perpetuates across generations? The answer to this question carries especially important implications for the design and evaluation of policies and projects intended to reduce poverty. Yet a major challenge analysts and policymakers face in understanding poverty traps is the sheer number of mechanismsnot just financial, but also environmental, physical, and psychologicalthat may contribute to the persistence of poverty all over the world. The research in this volume explores the hypothesis that poverty is self-reinforcing because the equilibrium behaviors of the poor perpetuate low standards of living. Contributions explore the dynamic, complex processes by which households accumulate assets and increase their productivity and earnings potential, as well as the conditions under which some individuals, groups, and economies struggle to escape poverty. Investigating the full range of phenomena that combine to generate pove

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