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The Two Poverties

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  • Abhijit Banarjee

Abstract

There are at least two distinct and inconsistent views of poverty. These views, which can be called “poverty as desperation” and “poverty as vulnerability”, have different implications about anti-poverty policy. It is important to confront this conflict and to try to devise empirical stategies which will help us distinguish between these views.

Suggested Citation

  • Abhijit Banarjee, 2000. "The Two Poverties," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 26, pages 129-141.
    • Handle: RePEc:noj:journl:v:26:y:2000:p:129-141
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    File URL: http://www.nopecjournal.org/NOPEC_2000_a07.pdf
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    References listed on IDEAS

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    1. Lipton, Michael & Ravallion, Martin, 1995. "Poverty and policy," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 41, pages 2551-2657, Elsevier.
    2. Townsend, Robert M, 1994. "Risk and Insurance in Village India," Econometrica, Econometric Society, vol. 62(3), pages 539-591, May.
    3. Oded Galor & Joseph Zeira, 1993. "Income Distribution and Macroeconomics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 60(1), pages 35-52.
    4. Patrick Legros & Andrew F. Newman, 1992. "Wealth Effects," Discussion Papers 1024, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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    Cited by:

    1. Santos, Paulo & Barrett, Christopher B., 2006. "Informal Insurance in the Presence of Poverty Traps: Evidence from Southern Ethiopia," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25487, International Association of Agricultural Economists.

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    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs

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