Much of development economics, both micro and macro, posits theories and explores the empirics of poverty traps. A common theory centers around asset-threshold poverty traps in which marginal returns ...

Some say that if a person opposes social programs, like I do, he or she is selfish and has no regard for the less fortunate. While I am certainly selfish at times, I care about others a lot. In fact, ...

More older Americans are falling into poverty in suburbs built for middle-class stability. Why it matters: Suburbs lack the transit, housing and services that help cushion poverty in cities, leaving ...

Chronic poverty in the developing world can seem like an insoluble problem. But a long-term study from Bangladesh co-authored by an MIT economist presents a very different picture: When rural poor ...

In the latest Bureau of Labor Statistics jobs report, for March, the Obama economy finally reached a long overdue milestone. More than six years after the latest recession began, in December, 2007, ...

There has never been a better argument for Universal Health Coverage (UHC) than the devastating global impact of the Covid-19 pandemic. As widespread infectious disease outbreaks are increasing in ...

Editor's Note: EarthBeat Weekly is your weekly newsletter about faith and climate change. Below is the May 7 edition. To receive EarthBeat Weekly in your inbox, sign up here. I learned a new term this ...

The rising cost of living has become the defining social and economic reality for the average Nigerian family. It is no longer a distant policy concern discussed only in government offices, economic ...

Over 37.9 million Americans currently live below the poverty line. With more than 11 percent of the American population struggling to afford basic necessities like food, housing, and healthcare, it is ...