Preface -- Introduction -- Equity, inequality traps and institutions: a cross-disciplinary view / Anthony Bebbington, Anis Dani, Arjan de Haan and Michael Walton -- Inequality traps and institutionalized inequities -- Asset inequality and agricultural growth: how are patterns of asset inequality...

Introduction / Bourguignon, Bussolo, Pereira da Silva -- Chap. 1: Winners and losers from trade reform in Morocco / Lokshin and Ravallion -- Chap. 2: A micro-macro assessment of the poverty impacts of the Doha and FTAA agenda for Latin America / Bussolo, Lay, van der Mensbrugghe -- Chap. 3:...

In the presence of inequality a status-driven utility function reconciles the conflict between income-based and nutrition-based measures of poverty. Moreover, it can explain why the poor tend to save less, an established empirical fact in the developing countries. The result is independent of...