The economics of poverty traps and persistent poverty: An asset-based approach
University of Wisconsin–Madison · Cornell University
Abstract
Longitudinal data on household living standards open the way to a deeper analysis of the nature and extent of poverty. While a number of studies have exploited this type of data to distinguish transitory from more chronic forms of income or expenditure poverty, this paper develops an asset-based approach to poverty analysis that makes it possible to distinguish deep-rooted, persistent structural poverty from poverty that passes naturally with time due to systemic growth processes. Drawing on the economic theory of poverty traps and bifurcated accumulation strategies, this paper briefly discusses some feasible estimation strategies for empirically identifying poverty traps and long-term, persistent structural…
Citation impact
- FWCI
- 197.05
- Percentile
- 100%
- References
- 80
Authors
2Topics & keywords
- Poverty
- Asset (computer security)
- Economics
- Culture of poverty
- Development economics
- Basic needs
- Poverty reduction
- Public economics
- No poverty