Theories of Poverty Traps and Anti-Poverty Policies
梳理了导致个人层面贫困陷阱的两种机制：外部摩擦（如市场失灵）和极端匮乏下的行为，并构建统一理论框架分析不同情形，进而讨论无条件与有条件现金转移等反贫困政策的优劣。
In this paper we provide a conceptual overview of alternative mechanisms leading to poverty traps at the individual level, making a distinction between those that are due to external frictions (e.g., market failure), and those that are due to behavior under extreme scarcity in the absence of any frictions. We develop a common theoretical framework to examine alternative scenarios, characterizing conditions under which poverty traps (in the sense of multiple stable steady states) arise, as opposed to (possibly, conditional) convergence to a unique steady state. We apply this framework to discuss the relative merits of alternative anti-poverty policies, such as unconditional and conditional cash transfers, and direct interventions aimed at improving market access to the poor or improving public service delivery.