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Poverty Traps and Social Protection (2008)
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BibTeX
@MISC{Barrett08povertytraps,
author = {Christopher B. Barrett and Michael R. Carter and Munenobu Ikegami and Thank John Hoddinott and Valerie Kozel and Felix Naschold},
title = {Poverty Traps and Social Protection},
year = {2008}
}
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Abstract
This paper demonstrates that there are potentially large returns to social protec-tion policy that stakes out a productive safety net below the vulnerable and keeps them from slipping into a poverty trap. Much of the value of the productive safety net comes from mitigating the ex ante e¤ects of risk and crowding in additional investment. The analysis also explores the implications of di¤erent mechanisms of targeting social protection transfers. In the presence of poverty traps, modestly regressive targeting based on critical asset thresholds may have better long-run poverty reduction e¤ects than traditional needs-based targeting.
