The 'poverty trap' is an economic situation where guaranteeing a certain level of income can eliminate or reduce an individual's incentive to work.

Authors

• Person: Not available Organization: University of Hawaii
  14.5 Government Policies to Reduce Income Inequality

Sources

• 14.5 Government Policies to Reduce Income Inequality pressbooks-dev.oer.hawaii.edu University of Hawaii via serper

Referenced by nodes (1)

• income concept