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Poverty

In: Economic Analysis of Families and Society

Author

Listed:
  • Shinji Yamashige

    (Hitotsubashi University)

Abstract

In market economies, people fall into povertyPovertycauses under two conditions. First, people cannot earn enough money to cover their cost of living. This happens when people do not have enough assets and abilities to sell to others (e.g., due to unemployment or disability) and/or if they are confronted by high costs of living (e.g., due to sickness). Second, the people under the first condition do not receive aid from anybody. Even if people do not have enough money to make a living, they need not fall into poverty as long as they have good friends, families, or adequate insurances.

Suggested Citation

  • Shinji Yamashige, 2017. "Poverty," Advances in Japanese Business and Economics, in: Economic Analysis of Families and Society, chapter 0, pages 177-194, Springer.
  • Handle: RePEc:spr:advchp:978-4-431-55909-2_9
    DOI: 10.1007/978-4-431-55909-2_9
    as

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