This paper explores the role social network capital might play in facilitating poor agents' escape from poverty traps … poverty. However, the voluntary nature of costly social network formation also creates both involuntary and voluntary … exclusionary mechanisms that impede some poor households' exit from poverty. Through numerical simulation, we show that the …

recent economic research on the welfare state and anti-poverty policy in rich countries, and explore their implications. We … begin with the conceptualisation and measurement of poverty, before sketching out some core features and approaches to the … welfare state and anti-poverty policies. We then focus on the central plank of the modern welfare state's efforts to address …