Uploaded October 2020 | Updated September 2026, 7 hours ago
A prominent theory of poverty is the poverty trap. But proving it has been difficult. I review a recent breakthrough on whether poverty traps exist and what it means for development economics. #economics
This video is based on a working paper titled, "Why Do People Stay Poor?" written by Clare Balboni, Oriana Bandiera, Robin Burgess, Maitreesh Ghatak, and Anton Heil.
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A prominent theory of poverty is the poverty trap. But proving it has been difficult. I review a recent breakthrough on whether poverty traps exist and what it means for development economics. #economics
This video is based on a working paper titled, "Why Do People Stay Poor?" written by Clare Balboni, Oriana Bandiera, Robin Burgess, Maitreesh Ghatak, and Anton Heil.
Sign up for my newsletter here: marketpower.substack.com
And you can find me on twitter: twitter.com/MarketPowerYT
RECOMMENDED VIDEOS
Does College Really Boost Your Salary? The Hidden Variable youtu.be/D13gt5h_Whk
Does Police Militarization CAUSE Police Violence? youtu.be/K5uGGVoHlyA
The Best Way to STAND OUT as an Economics Student youtu.be/XbXsHn32VyY
6 Biggest Lies About Majoring in Economics youtu.be/_qUbSBog_rw
