"If poverty persists in America, it is not for lack of resources." - Mathew Desmond, "Evicted" (2016)
I am not confident economic research has truly captured the mechanisms withim the United States' economy, and others around the world, that perpetuate poverty, inequality, and the disparities that then arise along lines of race, sexual orientation, identity, gender, and space. However, I am endeared and inspried by the incredible work done by economists to alleviate global poverty, such as Esther Duflo, Abhijit Banerjee, Michael Kremer, Kaushik Basu, and Daron Acemoglu. The theoretical models developed by Banerjee (Banerjee and Newman, 1993; The Shape of Temptation, 2010) and Basu (2007; Beyond the Invisible Hand, 2010) have been especially impactful guiding my theoretical interests in this field.
The Effect of Loss Aversion on a Poverty Trap Model