Poverty Traps and Human Capital Accumulation
نویسندگان
چکیده
منابع مشابه
Social Network Capital, Economic Mobility and Poverty Traps
The paper explores the role social network capital might play in facilitating poor agents’ escape from poverty traps. We model and simulate endogenous network formation among households heterogeneously endowed with both traditional and social network capital who make investment and technology choices over time in the absence of financial markets and faced with multiple production technologies f...
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How do taxes affect human capital accumulation? This question has been studied extensively in the context of two model classes: overlapping generations (OLG) and infinite horizon (IH) models. These embody very different assumptions about the intergenerational transmission of physical and human capital. OLG models typically abstract from intergenerational linkages, while IH models implicitly ass...
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Despite the considerable amount of research devoted to economic growth and development, economists have not yet discovered how to make poor countries rich. As a result, poverty remains the common experience of billions. One half of the world’s people live on less than $2 per day. One fifth live on less than $1. 1 If modern production technologies are essentially free for the taking, then why is...
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Poor families around the world spend a large fraction of their income on consumption of goods that appear to be useless in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such consumption patterns seem to be related to the persistence of poverty. We offer an explanation for this observation, based on a trade-off between conspicuous consumpt...
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ژورنال
عنوان ژورنال: Economica
سال: 2001
ISSN: 0013-0427,1468-0335
DOI: 10.1111/1468-0335.00242