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The Economic Lives of the Poor

Abhijit V. Banerjee
Massachusetts Institute of Technology (MIT) - Department of Economics

Esther Duflo
Massachusetts Institute of Technology (MIT) - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR); Bureau for Research and Economic Analysis of Development (BREAD)


October 31, 2006

MIT Department of Economics Working Paper No. 06-29

Abstract:     
This paper uses survey data from 13 countries to document the economic lives of the poor (those living on less than $2 dollar per day per capita at purchasing power parity) or the extremely poor (those living on less than $1 dollar per day). We describe their patterns of consumption and income generation as well as their access to markets and publicly provided infrastructure. The paper concludes with a discussion of some apparent anomalous choices.

Keywords: Poverty, Development, Consumption Choices

JEL Classifications: O10, O15, O16

Working Paper Series

Date posted: November 03, 2006 ; Last revised: March 08, 2007

Suggested Citation

Banerjee, Abhijit V. and Duflo, Esther, The Economic Lives of the Poor (October 31, 2006). MIT Department of Economics Working Paper No. 06-29. Available at SSRN: http://ssrn.com/abstract=942062


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Contact Information

Abhijit V. Banerjee (Contact Author)
Massachusetts Institute of Technology (MIT) - Department of Economics ( email )
50 Memorial Drive
Room E52-252D
Cambridge, MA 02142
United States
617-253-8855 (Phone)
617-253-6915 (Fax)
Esther Duflo
Massachusetts Institute of Technology (MIT) - Department of Economics ( email )
50 Memorial Drive
Room E52-252G
Cambridge, MA 02142
United States
617-258-7013 (Phone)
617-253-6915 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Centre for Economic Policy Research (CEPR)
90-98 Goswell Road
London EC1V 7RR United Kingdom
Bureau for Research and Economic Analysis of Development (BREAD) ( email )
Duke University
Durham, NC 90097
United States
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