The Poverty Challenge: How Individual Decision-Making Behavior Influences Poverty
9 Pages Posted: 3 Feb 2005
What drives poverty? We propose a research approach to study poverty by focusing on individual decision-making behavior in which the interaction between individual's innovativeness and time preference rate is crucial to begin understanding poverty. This approach enables policy makers to formulate efficient and effective policy and provides economists with an alternative research tool to study poverty.
Keywords: Poverty, Decision Making Behavior, Research Approach
JEL Classification: A1, E0, D0, I0
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