Poverty traps, convergence, and the dynamics of household income

• 成果类型: Article
• 署名作者: Arunachalam, Raj; Shenoy, Ajay
• 署名单位: University of California System; University of California Santa Cruz
• 刊物名称: JOURNAL OF DEVELOPMENT ECONOMICS
• ISSN/ISSBN: 0304-3878
• DOI: 10.1016/j.jdeveco.2017.02.001
• 发表日期: 2017
• 页码: 215-230
• 关键词: Poverty trap; CONVERGENCE; income mobility

摘要

We design a new method to detect household poverty traps. We apply the method to a unique panel that follows rural Indian households over thirty years. We find no evidence of poverty traps. Most households had annual income growth of over 2%, and income mobility is high. We then design and apply a method to detect conditional convergence. We find that upper castes are converging to a level of wealth 3 times as high as disadvantaged castes.