Giesbert, Lena; Schindler, Kati - In: World Development 40 (2012) 8, pp. 1594-1609
This paper explores welfare dynamics among households in rural Mozambique. Using household panel data, we test whether an asset-based poverty trap exists. Findings indicate that all rural households converge to one stable equilibrium in the medium term, which is close to the poverty line. This...