Abstract
The paper focus on the problem of poverty persistence, after the European crisis, and the related worsening of economic mobility: it makes quite a difference whether poverty and low income is a short-term problem or, to the opposite, degenerate in a poverty-trap. We show that for many European countries, poverty persistence hit mainly the young and could become a poverty-trap. We selected the case of the UK, with a widening gap between to upper and lowest income decile, and the case of Italy where poverty persistence in the lowest deciles, during the economic crisis, is associate with a negative probability of transition to higher deciles: it is the beginning of a poverty-trap which can be avoided only with a targeted economic policy.
We propose a new measure of absolute poverty, which is highly counter-cyclical: in other words the poor suffered a major blow during the economic crisis, instead of being shielded by a safety net. We show how the real consumption of the families with children was sharply reduced from 2007 to 2013 and, moreover, how they suffered a negative externality, paying “too much” for their housing costs.
Titolo tradotto del contributo | [Autom. eng. transl.] Poverty: a prison without guilt |
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Lingua originale | Italian |
Titolo della pubblicazione ospite | La misericordia e le sue opere. |
Pagine | 131-157 |
Numero di pagine | 27 |
Stato di pubblicazione | Pubblicato - 2016 |
Evento | Seminario interdisciplinare di teologia, filosofia e scienze dell’uomo - Milano Durata: 30 mag 2016 → 31 mag 2016 |
Seminario
Seminario | Seminario interdisciplinare di teologia, filosofia e scienze dell’uomo |
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Città | Milano |
Periodo | 30/5/16 → 31/5/16 |
Keywords
- economic crisis
- income inequality
- poverty-trap