Why Do People Stay Poor?

Why Do People Stay Poor?

Maitreesh Ghatak

(with Clare Balboni, Oriana Bandiera, Robin Burgess and Anton Heil)

Presidency University, Kolkata December 18, 2018

Setting

Introduction

Poverty

Global poor are those whose income falls below the global poverty line, the famous "Dollar A Day" line

nowadays $1.90

The share of people living in absolute poverty has been dropping steadily in the last 200 years

Acceleration in the last 50 years

Poverty has been decreasing but is still high in SSA and SA

397.6 mio 3.0 mio

335.6 mio 26.8 mio 3.3 mio 2.3 mio

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