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When labor incomes approach subsistence levels, the labor supply curve slopes outward, because the fight for survival mandates households to look for longer work hours in response to falling wage rates. We explore conditions under which near-subsistence scenarios may imply wage traps, labor...
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workfare scheme in which the government acts as the employer of last resort. Is this a cost-effective policy against poverty …? Using a microeconometric model of the casual labor market in rural India, the authors find that a guaranteed wage rate … sufficient for a typical poor family to reach the poverty line would bring the annual poverty rate down from 34 percent to 25 …
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distinction for poverty alleviation. We argue that there are three key dimensions to the economic problem: exchange, coordination …, and governance. We then make a case that poverty alleviation is more like an economic problem than a technological one, an … poverty is not a simple lack of objectively identifiable resources but rather a multidimensional and socially embedded …
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