- The Oxford Handbook of the Social Science of Poverty
- List of Contributors
- Poverty Measurement
- Structural Violence, Poverty, and Social Suffering
- Capability Deprivation
- Ideologies and Beliefs about Poverty
- How Politics and Institutions Shape Poverty and Inequality
- Linking Poverty and Children’s Development: Concepts, Models, and Debates
- Poverty Knowledge and the History of Poverty Research
- The Discourse of Deservingness: Morality and the Dilemmas of Poverty Relief in Debate and Practice
- Gender and Poverty
- Life, Death, and Resurrections: The Culture of Poverty Perspective
- The Historical Origins of Poverty in Developing Countries
- The Dynamics of Poverty
- People and Places Left Behind: Rural Poverty in the New Century
- Poor Neighborhoods in the Metropolis
- Segregation and the Perpetuation of Disadvantage
- Urban Poverty, Race, and Space
- Single and Cohabiting Parents and Poverty
- Job-Finding among the Poor: Do Social Ties Matter?
- Employment and the Working Poor
- Great Escapes and Great Divergences: Growth, Poverty, and Income Inequality on a Global Scale
- Intergenerational Mobility
- Economic Performance, Poverty, and Inequality in Rich Countries
- Material Deprivation and Consumption
- Hunger and Food Insecurity
- Poverty and Crime
- Poverty and Informal Economies
- Social Class, Poverty, and the Unequal Burden of Illness and Death
- Aid and Global Poverty
- The Welfare States and Poverty
- Social Policy, Transfers, Programs, and Assistance
- Poor People’s Politics
- Why and When Do Peasants Rebel?: Origins and Consequences of Rural Collective Action
- Unions and Poverty
- Housing Programs
- Microfinance and Financial Inclusion
- Conclusion: Toward a New Paradigm for Understanding Poverty
Abstract and Keywords
This article explores the interrelationships among poverty, economic performance, and inequality in rich countries. It argues that poverty rises and falls with the business cycle and economic performance. Business cycle refers to macroeconomic fluctuations in economic growth, unemployment, and employment. Higher economic growth and lower unemployment rates mean more individuals employed. Because a job is one of the most effective ways to remove a household from poverty, macroeconomic performance should directly influence individual poverty. This article first describes the statistical models used to estimate the effects of economic performance on poverty before reviewing studies that assess the effects of economic performance on poverty and income inequality. In terms of economic performance, it analyzes the effects of the business cycle, economic growth, unemployment rates, and GDP per capita.
David Brady, Professor of Public Policy and Director of the Blum Initiative on Global and Regional Poverty, University of California-Riverside; and Fellow at the WZB Berlin Social Science Center.
Markus Jäntti, Professor of Economics, Swedish Institute for Social Research (SOFI), Stockholm University.
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