All for One and One for All? Why Networks Don’t Prevent Poverty Traps: Guest post by Arun…

This is the fourth in our series of posts by PhD students on the job market this year. Giving livestock to poor households can increase their incomes substantially. This naturally raises the question: why were households not investing in such livestock before? One obvious answer is that they are poor – this means they can neither afford to invest themselves, nor get a loan from a bank (or microfinance organisation). But the puzzle is more subtle than that

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All for One and One for All? Why Networks Don’t Prevent Poverty Traps: Guest post by Arun…