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The economic lives of the poor

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28 pages
~28 min to read
Massachusetts Institute of Technology, Dept. of Economics 1 views
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This paper uses survey data from 13 countries to document the economic lives of the poor (those living on less than $2 dollar per day per capita at purchasing power parity) or the extremely poor (those living on less than $1 dollar per day). We describe their patterns of consumption and income generation as well as their access to markets and publicly provided infrastructure. The paper concludes with a discussion of some apparent anomalous choices. Keywords: Poverty, Development, Consumption Choices. JEL Classifications: O10, O15, O16.

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