Much of development economics, both micro and macro, posits theories and explores the empirics of poverty traps. A common theory centers around asset-threshold poverty traps in which marginal returns ...

Some say that if a person opposes social programs, like I do, he or she is selfish and has no regard for the less fortunate. While I am certainly selfish at times, I care about others a lot. In fact, ...

In the latest Bureau of Labor Statistics jobs report, for March, the Obama economy finally reached a long overdue milestone. More than six years after the latest recession began, in December, 2007, ...

It goes without saying that cybersecurity is a strategic priority for business leaders. Cyber threats are a persistent business risk that mature enterprises seek to address at all levels of operations ...

More older Americans are falling into poverty in suburbs built for middle-class stability. Why it matters: Suburbs lack the transit, housing and services that help cushion poverty in cities, leaving ...

Across the country, anger over the cost of living is no longer a background hum, it is the dominant soundtrack of daily life. A growing number of strategists argue that the fury is not just about ...

Poverty reduction in India is showing progress. Over 2015–2021, the World Bank reported a decrease in poverty from 60.9 to 46.5 per cent and India's National Institution for Transforming India ...

In this chat with reporters, Senior Special Adviser on Industrialisation to the President of African Development Bank, Prof. Oyebanji Oyelaran-Oyeyinka, explains fundamental structural issues ...

With a National-led coalition government taking shape (how long it takes is another matter), the nation’s “squeezed middle” awaits the financial relief promised during the election campaign. As the ...

I attended the Salem Human Rights Coalition meeting on Tuesday, March 7, which included Veronica Faustino’s presentation of The Poverty Trap. Ms. Faustino shared that the experience of poverty is not ...

Poverty remains the biggest driver of school dropouts in Bangladesh, accounting for nearly two-thirds of cases among students enrolled in catch-up education programs, according to new Unicef-backed ...