Barrett, Christopher B.; Garg, Teevrat; McBride, Linden - 2016
A sound understanding of poverty traps — defined as poverty that is self-reinforcing due to the poor's equilibrium … poverty traps at the macro-, meso-, and, especially, microlevels. In addition we review the literature exploring the various … mechanisms that have been posited to perpetuate poverty. We find sufficient evidence to support the poverty traps hypothesis …