Poverty

Shinji Yamashige ()
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Shinji Yamashige: Hitotsubashi University

Chapter Chapter 9 in Economic Analysis of Families and Society, 2017, pp 177-194 from Springer

Abstract: Abstract In market economies, people fall into povertyPovertycauses under two conditions. First, people cannot earn enough money to cover their cost of living. This happens when people do not have enough assets and abilities to sell to others (e.g., due to unemployment or disability) and/or if they are confronted by high costs of living (e.g., due to sickness). Second, the people under the first condition do not receive aid from anybody. Even if people do not have enough money to make a living, they need not fall into poverty as long as they have good friends, families, or adequate insurances.

Keywords: Public Assistance Programs; Single mothersSingle Mothers; Long-term careLong-term Care; Social insuranceSocial Insurance; Moral Hazard Behavior (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-4-431-55909-2_9

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