Does Financial Development Reduce the Poverty Gap?

Does welfare reduce poverty?

The Personal Responsibility and Work Opportunity Reconciliation Act of 1996 made fundamental changes in the federal system of public assistance in the United States, and specifically limited the eligibility of immigrant households to receive many types of aid. Many states chose to protect their immigrant populations from the presumed adverse effects of welfare reform by offering state-funded as...

Does Lower Unemployment Reduce Poverty ?

s the link between unemployment and poverty as strong as many people think it is? Possibly not. How strong the link is depends critically on how we measure poverty. And during the past two decades, researchers have identified numerous shortcomings in the government’s official procedures for determining the extent of poverty. In this article, Bob DeFina presents empirical evidence that improved ...

Does Economic Collaboration Adjust The Effects Of Financial Crises On Poverty In The Islamic Countries

No 46 BY HOW MUCH DOES CONFLICT REDUCE FINANCIAL DEVELOPMENT ?

Financial development is vulnerable to social conflict. Conflict reduces the demand for domestic currency as a medium of exchange and a store of value. Conflict also leads to poor quality governance, including weak regulation of the financial system, thereby undermining the sustainability of financial institutions. Conflict therefore reduces the social return to financial liberalization and oth...

DOES ECONOMIC GROWTH REDUCE POVERTY? Technical Paper

The study examines the question of whether economic growth tends to reduce poverty, where poverty is measured by the incomes of the poorest 20% and 40% of a population. Using the most recent data available, the paper shows that an increase in the rate of GDP growth translates into a direct one-for-one increase in the rate of growth of average incomes of the poorest 40%. GDP growth of ten percen...