Poverty traps, convergence, and the dynamics of household income

Raj Arunachalam and Ajay Shenoy

Journal of Development Economics, 2017, vol. 126, issue C, 215-230

Abstract: We design a new method to detect household poverty traps. We apply the method to a unique panel that follows rural Indian households over thirty years. We find no evidence of poverty traps. Most households had annual income growth of over 2%, and income mobility is high. We then design and apply a method to detect conditional convergence. We find that upper castes are converging to a level of wealth 3 times as high as disadvantaged castes.

Keywords: Poverty trap; Convergence; Income mobility (search for similar items in EconPapers)
JEL-codes: D31 E24 O15 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304387817300111
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Poverty traps, convergence, and the dynamics of household income (2017)
Working Paper: Poverty traps, convergence, and the dynamics of household income (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:deveco:v:126:y:2017:i:c:p:215-230

DOI: 10.1016/j.jdeveco.2017.02.001

Access Statistics for this article

Journal of Development Economics is currently edited by M. R. Rosenzweig

More articles in Journal of Development Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().