Economics Commons^™

Binary Economics - An Overview, Robert Ashford

College of Law - Faculty Scholarship

Based on binary economic principles, this paper asserts that one widely overlooked way to empower economically poor and working people in market economy is to universalize the right to acquire capital with the earnings of capital. This right is presently largely concentrated, as a practical matter, in less than 5 % of the population. The concentration of the right to acquire capital with the earnings of capital helps to explain how people either remain poor or end up poor no matter how hard they work or are willing to work. Binary Economics offers a conception of economics that is foundationally …

Family Change And Poverty In Appalachia, Daniel Lichter, Lisa Cimbulak

University of Kentucky Center for Poverty Research Discussion Paper Series

The current economic and political climate provides a vivid contrast with the circumstances of the 1990s, when the passage of the 1996 Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) ushered in welfare reform during a period of unprecedented economic expansion and job growth (Blank 2002; Ziliak 2009). This legislation sought to “end the dependence of needy parents on government benefits by promoting job preparation, work, and marriage.” Among PRWORA’s goals were to reduce out-of-wedlock births and encourage the formation of two-parent families. For most states, much of the initial emphasis on self-sufficiency was placed on “work first” programs (i.e., …

Eliminating The Underlying Cause Of Poverty As A Means To Global Economic Recovery, Robert Ashford

College of Law - Faculty Scholarship

The public analysis of the causes of the current recession and the ways to achieve economic recovery generally proceed on the widely-shared, tacit assumption that there is that there is no substantial, first-order connection between the recession and the failure to address the problem of systemic poverty. Otherwise, the need to alleviate systemic poverty and needed solutions to promote economic recovery would be commonly addressed in the same discussions; and they are not. This widely-shared, tacit assumption is false. The failure to reverse systemic poverty is the fundamental cause of current economic crisis. Recessions (and sub-optimal growth) occur when a …

What Happens When Uganda Is Sapped! : Have Uganda's Structural Adjustment Policies Increased Women's Poverty?, Talin Saroukhanian

Legacy Theses & Dissertations (2009 - 2024)

Have the World Bank's policy-based loans exacerbated or reduced poverty in

Globalization And International Development: Critical Issues Of The 21st Century, Sisay Asefa Editor

Upjohn Press

These papers address globalization issues with a special emphasis on its impact on poverty. Advances in transportation and telecommunications with instantaneous information and communication flows requires new approaches given the wide differences in cultures, political systems, languages, and ethnicities. Extreme variation in the international distributions of wealth, income, and poverty remain as enormous social problems to be addressed. In general, the contributors recommend expanding the flows between countries to accelerate growth and reduce inequalities. These flows include international trade and capital, migration, remittances, and foreign aid. But in addition to these hard commodities and dollars, there are flows of ideas, …

Economic Transition And Growth, Peter C. B. Phillips, Donggyu Sul

Research Collection School Of Economics

Some extensions of neoclassical growth models are discussed that allow for cross-section heterogeneity among economies and evolution in rates of technological progress over time. The models offer a spectrum of transitional behavior among economies that includes convergence to a common steady-state path as well as various forms of transitional divergence and convergence. Mechanisms for modeling such transitions, measuring them econometrically, assessing group behavior and selecting subgroups are developed in the paper. Some econometric issues with the commonly used augmented Solow regressions are pointed out, including problems of endogeneity and omitted variable bias which arise under conditions of transitional heterogeneity. Alternative …

Strategies For Improving Economic Mobility Of Workers: Bridging Research And Practice, Maude Toussaint-Comeau Editor, Bruce D. Meyer Editor

Upjohn Press

The contributors to this book provide a provocative assessment of the effectiveness of various policies and practices designed to help disadvantaged segments of our population overcome the obstacles in their path to upward economic mobility.

Effects Of Poverty On Risk Attitudes Of Farmers In Benue State Nigeria, G. C. Aye, O. Oji

Economic and Financial Review

The Nigerian agriculture is characterised by low productivity low fam incomes and low levels of

technological adoption and we inefficient production technique. This poor state of Nigerian agriculture is related to farmers' attitude towards risk in the adoption of production techniques, as well as risk in the production and socioeconomic environment, this study therefore sought to specifically to: determine the extent of poverty among farmers in the area; assess the risk attitude of the farmers and determine the effect of poverty variables on risk attitude of farmers. A multi-stage random sampling technique was used for selection of respondent. Data were …

Poverty In The Lesbian, Gay, And Bisexual Community, Randy Albelda, M.V. Lee Badgett, Alyssa Schneebaum, Gary J. Gates

Center for Social Policy Publications

In 2007, 12.5% of Americans were officially counted as poor by the United States Census Bureau. People from every region, race, age, and sex are counted among our nation’s poor, where ―poor‖ is defined as living in a family with an income below the federal poverty level. In contrast, lesbian, gay, and bisexual (LGB) people are invisible in these poverty statistics. This report undertakes the first analysis of the poor and low-income lesbian, gay, and bisexual population. The social and policy context of LGB life provides many reasons to think that LGB people are at least as likely—and perhaps more …

Considering The International Monetary Fund And World Bank: Lending Effectiveness In Sub-Saharan Africa, Daniela A. Wohlwend

Human Rights & Human Welfare

Sub-Saharan Africa is a place of unequivocal beauty, diversity and history; it is also the most impoverished and neglected area on the planet. With an objective look at what has gone wrong in the past five decades of International Monetary Fund and World Bank lending, along with strategic assessment and planning, sub-Saharan Africa does not have to remain the home to unimpeded, rampant poverty.

Youth Migration And Poverty In Sub-Saharan Africa: Empowering The Rural Youth, Charlotte Min-Harris

Human Rights & Human Welfare

Sangaré, a poor young farmer from a village in southern Mali, leaves his wife and three children to find stable employment in the capital city of Bamako. What he finds is an unrewarding reality that leads him from small job to small job, only earning about US 22 cents per day. These jobs range from selling sunglasses, to shining shoes, to driving a rickshaw. Unfortunately, his income has not proved enough to provide for his family, as his aunt has since adopted his daughter, and his children cannot attend school. The inability to find stable employment in Bamako has forced …

Strategies For Improving Economic Mobility Of Workers, Maude Toussaint-Comeau

Employment Research Newsletter

No abstract provided.

How Well Can We Target Aid With Rapidly Collected Data? Empirical Results For Poverty Mapping From Cambodia, Tomoki Fujii

Research Collection School Of Economics

We compare commune-level poverty rankings in Cambodia based on three different methods: small-area estimation, principal component analysis using aggregate data, and interviews with local leaders. While they provide reasonably consistent rankings, the choice of the ranking method matters. In order to assess the potential losses from moving away from census-based poverty mapping, we used the concentration curve. Our calculation shows that about three-quarters of the potential gains from geographic targeting may be lost by using aggregate data. The usefulness of aggregate data in general would depend on the cost of data collection.

The Persistent Problem: Inequality, Difference, And The Challenge Of Development, Aseema Sinha, John Echeverri-Gent, Leslie Elliott Armijo, Marc Blecher, Daniel Brumberg, Valerie Bunce, Kiren A. Chaudhry, John W. Harbeson, Evelyne Huber, Bronwyn Leebaw, Susanne Hoeber Rudolph, Loren Ryter, Susan L. Woodward

CMC Faculty Publications and Research

This report highlights the complex, multidimensional nature of inequality in the era of globalization. It documents that despite the impressive strides by nations like China and India, absolute inequality between the richest and poorest countries is greater than ever before in history. It demonstrates that the rise of China and India creates a new dimension to the persistent problem of inequality.

Demographic Differences In Household Expenditure For Low-Income Families: Evidence From The United States, Joerose Tharakan

Honors Theses

Despite being one of the world’s most prosperous countries, the United States of America was home to roughly 7.7 million households living in poverty in 2006. Of this figure, 53% percent of households were headed by a single mother. What is more disturbing is that a significant majority of these households were those of full time workers, unable to meet the basic needs of their families at federally mandated minimum wage rates. Researchers and activists from a multitude of disciplines have repeatedly called for an overhaul of the current method of estimating poverty in the United States` and further proposed …

Two-Sample Estimation Of Poverty Rates For Disabled People: An Application To Tanzania, Tomoki Fujii

Research Collection School Of Economics

Estimating poverty measures for disabled people in developing countries is di cult, partly because relevant data are not available. We develop two methods to estimate poverty by the disability status of the household head. We extend the small-area estimation proposed by Elbers, Lanjouw and Lanjouw (2002, 2003) so that we can run a regression on head's disability status even when such information is unavailable in the survey. We do so by aggregation and by moment adjusted two sample instrumental variable estimation. Our results from Tanzania show that both methods work well, and that disability is indeed associated with poverty.

Economic Reforms And Total Factor Productivity Growth In Pakistan: An Empirical Analysis, Muhammad Sabir, Qazi Masood Ahmed

Business Review

This paper compares the average growth rates in GDP, factor inputs and total factor productivity during pre-reform period 1972-73 to 1987-88 and the reform period 1987-88 to 2001-02 and summarizes the historical patterns. Particular attention is given to assessing the impact of structural adjustment policies on total productivity growth directly and indirectly through other determinants of total factor productivity growth, such as human capital etc.

Income Vs. Race Effects In Refund Anticipation Loan Utilization, Richard J. Smith

Social Work Faculty Publications

This purpose of this paper is to illustrate how data can target outreach for social and economic justice by testing for an association between refund anticipation loan (RAL) utilization and a Zip code’s racial and income characteristics. RALs are rapid tax refunds marketed by tax preparers.

The Political Economy Of Poverty Reduction Policies In Ethiopia, Abu Girma Moges

International Conference on African Development Archives

Poverty reduction strategies and policies have gained considerable popularity in recent policy discourse and international economic relations. These policies and strategies are framed in the context of the Millennium Development Goals that set specific quantitative targets to be achieved within a specified time framework. The goals specify the targets and require countries to design national poverty reduction strategies and achieve them with a generous financial assistance from the international community. However, the domestic political economic forces remain to shape the extent and effectiveness of such strategies in addressing and reducing the extent and depth of poverty in the reforming countries. …

Linking Economic Development And Poverty: The Role Of Innovation And Innovation Capacity In The South, Jeremy Hall

University of Kentucky Center for Poverty Research Discussion Paper Series

While most economic development research views poverty as a sign of need for development or poverty reduction as an outcome of successful development, this study treats poverty as an independent variable alongside contemporary measures of innovation capacity that reflect state potential for economic development, examining the combined impact of poverty and innovation capacity on economic development outcomes. The study examines the effect poverty has on economic development outcomes given levels of innovation capacity, and the effect poverty has on formation of state innovation capacity. The methodology consists of pooled cross-sectional time-series analysis with panel corrected standard errors with lags. The …

Poverty, Inequality, Violent Conflict, And Welfare Loss: Micro-Level Evidence From Nepal, Mani K. Nepal

Economics ETDs

Poverty alleviation has become one of the main global agendas of the twenty first century, but the identification and targeting of the poor is facing fundamental problems due to the lack of required information. We utilize the micro-level estimation technique to estimate household expenditure for the census households using Nepalese household surveys, and estimate different measures of poverty and inequality at the national level as well as at the regional, districts and village levels, and for the different caste/ethnic groups. Our findings indicate that the reduction in poverty during 1995/96 — 2003/04 is not uniform across the villages of Nepal, …

Henry George: The Theory Of Distribution In Progress And Poverty, Phillip J. Bryson

Faculty Publications

The core of Henry George's economic theory appeared in his most widely-read book, Progress and Poverty. On the basis of his dramatic "single tax" theory, his work became widely known and gained some avid followers who endeavored to base policy on it. But the work was also of value in George's day and interest in our day because of its economic content. George was not a part of the academic economics establishment of his day and his theory was of strictly classical methodology, but it still had much to commend it. A simple model to present his concepts in more …

Minimum Wage As A Poverty Reducing Measure, Kevin Souza

Master's Theses - Economics

With the recent increase in the Federal minimum wage, it is important to consider the impact of minimum wage in order to assess its effectiveness as a poverty reducing measure. While an increase in the minimum wage will increase income, the increased labor cost may cause an increase in unemployment. Greater unemployment may negate any benefit derived from the change in the minimum wage. Also, the minimum wage could put upward pressure on all wages. By using data from the Census and Bureau of Labor and Statistic’s 2006 March Supplement, it is possible to develop a model that empirically tests …

Poverty Alleviation Through Geographic Targeting, Chris Elbers, Tomoki Fujii, Peter Lanjouw, Berk Ozler, Wesley Yin

Research Collection School Of Economics

In this paper, we employ recently completed “poverty maps” for three countries as tools for an ex ante evaluation of the distributional incidence of geographic targeting of public resources. We simulate the impact on poverty of transferring an exogenously given budget to geographically defined sub-groups of the population according to their relative poverty status. We find large gains from targeting smaller administrative units, such as districts or villages. However, these gains are still far from the poverty reduction that would be possible had the planners had access to information on household level income or consumption. Our results indicate that a …

Poverty In Moldova, Corneliu Bolbocean

Muskie School Capstones and Dissertations

Moldova is the poorest nation in Europe and the Moldavian society has one f the highest degrees of economic inequality among the Soviet states. Official statistics as well as the World Bank poverty reports suggest that the number of people who live below the absolute poverty line is around 30%. In reality poverty is a massive phenomenon in Moldova and the real poverty rate exceeds 70% for both rural and urban areas.

Spatial Inequality In Chile, Claudio A. Agostini, Philip H. Brown

Working Papers in Economics

Despite success in reducing poverty over the last twenty years, inequality in Chile has remained virtually unchanged, making Chile one of the least equal countries in the world. High levels of inequality have been shown to hamper further reductions in poverty as well as economic growth and local inequality has been shown to affect such outcomes as violence and health. The study of inequality at the local level is thus crucial for understanding the economic well-being of a country. Local measures of inequality have been difficult to obtain, but recent theoretical advances have enabled the combination of survey and census …

Ali Wyne On Understanding Poverty Edited By Abhijit Vinayak Banerjee, Roland Bénabou, And Dilip Mookherjee. Oxford: Oxford University Press, 2006. 496pp., Ali Wyne

Human Rights & Human Welfare

A review of:

Understanding Poverty Edited by Abhijit Vinayak Banerjee, Roland Bénabou, and Dilip Mookherjee. Oxford: Oxford University Press, 2006. 496pp.

Non-Participatory Poverty, Carrie Curtis

Undergraduate Research Symposium (UGRS)

In a capitalistic market society, all individuals should have an equal opportunity to participate, with varying extents, in consumerism. Democracy entitles one to political participation but people have come to value consumer participation as having more importance as shopping and the exchange of goods and services have become an important part of everyday living. Yet not everyone can participate in consumerism and they end up suffering, especially the children living in poverty. These children internalize the message that since they cannot participate in a society based on material consumption, they cannot belong. Poverty not only causes individuals to experience their …

Voices Of The Poor: Poverty And Growth In Albania, Magda Tsaneva

Honors Theses

This paper uses three waves of panel surveys at the household level to study growth and poverty in Albania over the period 2002-2004. It attempts to answer two main questions. The first question is directed at finding the micro determinants of growth and aims to expose the obstacles households face to improve their economic situation. The main focus of the analysis is to investigate the importance of health, education, and infrastructure indicators for income growth. The second question asks whether growth in Albania during the period 20022004 has been pro-poor. I find that there is some evidence for a convergence …

The Meaning Of Poverty: Questions Of Distribution And Power, Arthur Macewan

Economics Faculty Publication Series

Focusing on the low-income parts of the world and reviewing the different ways we can define poverty, I first argue that what people generally mean by poverty – or, more broadly, by economic well-being – cannot be adequately captured by a single, absolute measure such as income level or a more complex aggregate such as the Human Development Index. Not only do these measures fail to account for the complexity of human material needs, but they also fail to recognize the importance of distributional issues. The failure to incorporate a consideration of distribution in defining poverty (or, more generally, economic …