Three essays on heterogeneous capabilities, poverty trap thresholds, and the persistence of inequality
The current trends in poverty measurement moving toward a focus on asset and wealth stocks, and hence away from traditional flow measures of consumption and income, warrant the scaling up of efforts to understand how individuals convert asset stocks into economic well-being. At the same time, modern advancements in computing power have led to an increase in the level of rigor associated with ex ante simulations of how macroeconomic changes potentially impact microeconomic well-being. In the presentation of three essays, this study investigates how individuals and households that are endowed with ...
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