Poverty traps, convergence, and the dynamics of household income
Raj Arunachalam and
Ajay Shenoy
Santa Cruz Department of Economics, Working Paper Series from Department of Economics, UC Santa Cruz
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: No Poverty; Applied Economics; Development Studies (search for similar items in EconPapers)
Date: 2017-05-01
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Citations: View citations in EconPapers (12)
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Journal Article: Poverty traps, convergence, and the dynamics of household income (2017) 
Working Paper: Poverty traps, convergence, and the dynamics of household income (2017) 
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:ucscec:qt60r1q8ps
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