Poverty, Policy, and the Macroeconomy

Michael LeBlanc

United States Department of Agriculture

关键词: Poverty;    unemployment;    wages;    economic growth;   

RP-ID  :  TB-1889

学科分类：农业科学（综合）

美国|英语

来源: United States Department of Agriculture Publications

【 摘 要 】

This report is an empirical inquiry into how poverty is changed by the macroeconomy. The analysis suggests low real wage rates and not the unemployment rate are the most important determinant of poverty in the long run. Changes in output and unemployment primarily affect cyclical or shortrun poverty. The empirical results weaken the belief that output growth acting alone will significantly and permanently reduce poverty in the United States. Instead, the results suggest combining economic growth strategies with targeted interventions that may lie outside the traditional sphere of monetary and fiscal policy.