The Poverty Challenge: How Individual Decision-Making Behavior Influences Poverty

9 Pages Posted: 3 Feb 2005

See all articles by Joost M. E. Pennings

Joost M. E. Pennings

Maastricht University; Wageningen UR

Philip Garcia

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics

Abstract

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

Suggested Citation

Pennings, Joost M. E. and Garcia, Philip, The Poverty Challenge: How Individual Decision-Making Behavior Influences Poverty. Economics Letters, 2005. Available at SSRN: https://ssrn.com/abstract=659482

Joost M. E. Pennings (Contact Author)

Maastricht University ( email )

P.O. Box 616
Maastricht, 6200MD
Netherlands

Wageningen UR ( email )

Hollandseweg 1
Wageningen, 6706KN
Netherlands

Philip Garcia

University of Illinois at Urbana-Champaign - Department of Agricultural and Consumer Economics ( email )

1301 W. Gregory Drive
427 Mumford Hall
Urbana, IL 61801
United States
217-333-0644 (Phone)
217-333-5538 (Fax)

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