This paper studies the causal mechanisms behind persistent poverty. Using original data on Boran pastoralists of … southern Ethiopia, we find that heterogeneous and nonlinear wealth dynamics arise purely in adverse states of nature. In … exhibit multiple stable dynamic wealth equilibria …

used to assess economic well-being and poverty rates. Yet, because households can use wealth to consume more than income …According to economic theory, well-being or utility depends on consumption. However, at the household level, total … use data from the Health and Retirement Study to find income-based poverty rates which we compare with poverty rates as …

in New York City, suggesting that similar image data can be used to map wealth and poverty in previously unmeasured areas …

Using novel data on 50,000 Norwegian men, we study the effect of wealth on the probability of internal or international … do so by exploiting variation in parental wealth and in expected inheritance by birth order, gender composition of … siblings, and region. We find that wealth discouraged migration in this era, suggesting that the poor could be more likely to …

-pension wealth holdings, (ii) defined contribution (DC) pension holdings, (iii) actual or expected defined benefit (DB) pension … that both Black and Hispanic households made remarkable progress in terms of mean and median retirement income, poverty … projected poverty rate rising, and the projected replacement rate falling, though expected mean retirement income does rise …