1. Inequality and Risk
- Author:
- Marcel Fafchamps
- Publication Date:
- 01-2002
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- There has been a lot of interest in the risk coping strategies of the poor in the recent literature but little work on the relationship between these strategies and inequality (Fafchamps 1999). Some have begun to suspect that certain risk coping strategies further impoverish the poor (e.g. Dasgupta 1993, Sen 1981). Labor bonding and debt peonage are examples that have been discussed in the literature (e.e. Srinivasan 1989, de Janvry 1981). Patronage, that is, the protection of the poor by the rich in exchange for labor and services, is also suspected of perpetuating poverty (e.g. Platteau 1995, Platteau 1995, Fafchamps and Quisumbing 1999).
- Topic:
- Development, Economics, and Poverty