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What is a Poverty Trap?

Esther DufloNobel LaureateAbhijit BanerjeeNobel LaureateMIT

Professors of Economics & Nobel Laureates

1:23:50·2013·undergraduate level
Path step 5: Models S-shaped capacity curves in nutrition, health, and credit that create poverty traps.

This lecture introduces the concept of a poverty trap, examining theoretical models and empirical evidence that explain mechanisms through which individuals or households can become stuck in persistent poverty. Key economic factors and policy implications are discussed.

MIT 14.73 The Challenge of World Poverty, Spring 2011

Source: MIT OpenCourseWare via YouTubeWatch on YouTube

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