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psych!
In addition, a well-articulated microeconomic theory appeared on how incentives and information, together with behavioral constraints, shape human behavior. This theory -- rewarded with several Economics Prizes -- gave researchers a powerful analytical tool kit to analyze the determinants of poverty and channels of poverty alleviation. These methodological gains were prerequisites for the transformation to follow, but a core piece of the puzzle was still missing.
Trump?
Specifically, a well-articulated theory may be crucial to discovering possible mechanisms behind poverty and to guiding the search for effective ways to combat it.
YES!
But it is not sufficient to guide policy. While theory can pinpoint certain incentives, it does not tell us how powerful these are in practice.
NOOOOooooooo

Diversity is the key to economic and political evolution.
by Cat on Mon Oct 14th, 2019 at 05:58:03 PM EST
[ Parent ]
Moynihan's report is back in a new suit, tie, and pumps.

Traced to Why White Privilege is Wrong--Part 2 (not really), inferred by Brian Thiede, Hyojung Kim, and Tim Slack, "Marriage, Work, and Racial Inequalities in Poverty: Evidence from the U.S". Journal of Marriage and Family, 2017 Oct; 79(5): 1241-1257.


Diversity is the key to economic and political evolution.

by Cat on Fri Oct 18th, 2019 at 12:16:21 AM EST
[ Parent ]

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