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Poverty Trap
(redirected from Poverty traps)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Poverty Trap
An obstacle or disincentive for a person to work to raise himself/herself out of poverty. For example, an increase in income from a job may reduce the welfare benefits for which one is eligible. Likewise, a lack of affordable educational opportunities may prevent one from acquiring skills necessary to earn more money.


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We have Northerners in poverty traps and we have Northerners who are trapped in conspicuous consumption (Not the readers of this column, of course).
Families will get 10 per cent of the value of their rented property in a bid to stop estates becoming poverty traps.
Their topics include consumption variety and growth, the role of self-confidence and social norms in redistributing opportunities in a job search model, and economic growth and poverty traps.
 
 
 
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