The paper provides the first assessment of: (i) America's progress in lifting the lower bound—the floor—of the distribution of real income; (ii) whether the country's largest antipoverty program, SNAP (“food stamps”), helped do so. An operational method of estimating the floor is...

The paper provides the first assessment of: (i) America's progress in lifting the lower bound--the floor--of the distribution of real income; (ii) whether the country's largest antipoverty program, SNAP ("food stamps"), helped do so. An operational method of estimating the floor is implemented on...

In a world with volatile food prices, countries have an incentive to shelter their populations from induced real income shocks. When some agents are net food producers while others are net consumers, there is scope for insurance between the two groups. A domestic social protection scheme would...