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The majority of the world's poor, by income poverty and multi-dimensional poverty, now live in countries officially … ending aid. In light of this, this paper considers two competing perspectives on this changing pattern of global poverty: the … mutually exclusive, is that global poverty is gradually in the process of 'nationalizing', at least in terms of resources …
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This paper examines the link between poverty and income, on the one hand, and human capital and location, on the other … household head to the education of the most educated member. The paper finds poverty to be most severe and persistent for … perpetuating poverty. …
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The poor can and do save, but often use formal or informal instruments that have high risk, high cost, and limited functionality. This could lead to undersaving compared to a world without market or behavioural frictions. Undersaving can have important welfare consequences: variable consumption,...
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