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Dec. 7, 2018

Professor Michael Carter has just published a new volume on development economics research on poverty traps. The Economics of Poverty Traps (U. of Chicago), edited by Carter and co-editors Chris Barrett (Cornell University) and Jean-Paul Chavas (University of Wisconsin), collect papers that expand on the theory of poverty traps into new territory, such as the impact of aspirations, beliefs and depression. The book includes papers from ARE faculty Travis Lybbert and Steve Boucher, as well as ARE Ph.D. graduate Sarah Janzen, who is currently an assistant professor of economics at Kansas State University.

The book was published in partnership with the National Bureau of Economic Research (NBER), which co-hosted a conference on the book in Washington, D.C. on Dec. 6. The book springs from the BASIS Feed the Future Innovation Lab for Assets and Market Access, which Michael directs. In addition to the book, Michael recently published a policy brief co-authored with Barrett and Chavas, on the AMA Innovation Lab website that boils down the theory of poverty traps in about two pages for a development policy audience. The USAID website Agrilinks also published a featured post based on ideas from the theory of poverty traps and research featured in the book.

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