This paper demonstrates that there are potentially large returns to having a social protection policy that stakes out a productive safety net below the vulnerable and keeps them from slipping into a poverty trap. Much of the value of the productive safety net comes from mitigating the ex ante effects of risk and crowding in additional investment. The analysis also explores the implications of different mechanisms of targeting social protection transfers...
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2008/02/01
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Documento de Trabalho (Série Numerada)
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42752
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1
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1
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2010/07/01
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Disclosed
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Poverty traps and social protection
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poverty trap
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