BREAD Working Paper No. 600, October 2021

Why do People Stay Poor? Clare Balboni, Oriana Bandiera, Robin Burgess, Maitreesh Ghatak and Anton Heil   Abstract There are two broad views as to why people stay poor. One emphasizes differences in fundamentals, such as ability, talent or motivation. The other, the poverty traps view, differences in opportunities which stem from access to wealth. […]