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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 SeriesDate posted: November 03, 2006 ; Last revised: March 08, 2007Suggested CitationContact Information
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