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The Great Depression of the 1930s led contemporaries to worry that people hit by hard times would turn to crime in their efforts to survive. Franklin Roosevelt argued that the unprecedented and massive expansion in relief efforts "struck at the roots of crime" by providing subsistence income to...
Persistent link: https://www.econbiz.de/10012465832
The econometric consensus on the effects of social spending confirms a puzzle we confront in the raw data: There is no clear net GDP cost of high tax-based social spending on GDP, despite a tradition of assuming that such costs are large. The paper offers five keys to this free lunch puzzle....
Persistent link: https://www.econbiz.de/10012468828
The conventional wisdom that Africa is not reducing poverty is wrong. Using the methodology of Pinkovskiy and Sala …-i-Martin (2009), we estimate income distributions, poverty rates, and inequality and welfare indices for African countries for the … period 1970-2006. We show that: (1) African poverty is falling and is falling rapidly; (2) if present trends continue, the …
Persistent link: https://www.econbiz.de/10012462876
better health care implies that mortality could be the source of a poverty trap. In our regressions, adult mortality explains …
Persistent link: https://www.econbiz.de/10012467057
, economic growth, and poverty alleviation using a new database on the share of SME labor in the total manufacturing labor force …, we find no evidence that SMEs alleviate poverty or decrease income inequality …
Persistent link: https://www.econbiz.de/10012467461
worsening of various income inequality indexes and we estimate poverty rates and headcounts. We then analyze some of the central …
Persistent link: https://www.econbiz.de/10012468832
The extent to which growth reduces global poverty has been disputed for 30 years. Although there is better data than … used to measure poverty, grows less rapidly than consumption measured in national accounts, in the world as a whole, and in … large countries, particularly India, China, and the US. In consequence, measured poverty has fallen less rapidly than …
Persistent link: https://www.econbiz.de/10012468876
compute world poverty rates by integrating the density function below the poverty lines. The $1/day poverty rate has fallen …
Persistent link: https://www.econbiz.de/10012469810
characteristics, i.e. fundamental forces, against the alternative that there are poverty traps. Taking geographical variables as … fundamental characteristics, we find that we can reject fundamental forces in favor of a poverty trap model with high and low …
Persistent link: https://www.econbiz.de/10012470001
We document regularities in the distribution of relative incomes and patterns of investment in countries and over time. We develop a quantitative version of the neoclassical growth model with a broad measure of capital in which investment decisions are affected by distortions. These distortions...
Persistent link: https://www.econbiz.de/10012473450