CLASS 6 Understanding Poverty

These flashcards cover key concepts and theories discussed in the lecture on understanding poverty.

Implicit Assumptions

Unstated beliefs that influence perceptions of why individuals face poverty.

Poverty Theories

Frameworks developed to explain the incidence, prevalence, and persistence of poverty.

Human Capital Theory

A theory suggesting that individuals' skills, education, health, and training can impact their economic productivity.

Individual Level Explanations

Theories emphasizing personal behaviors and circumstances as causes of poverty.

Structural Level Explanations

Theories focusing on systemic factors and societal structures that contribute to poverty.

Culture of Poverty

A theory introduced by Oscar Lewis suggesting that the behaviors and values of the poor perpetuate poverty across generations.

Returns to Education

The increased wages associated with obtaining additional education.

Demographic Changes

Shifts in population characteristics that influence economic behavior and opportunities.

Modern Behaviorists

Scholars who argue that financial aid and welfare programs can undermine incentives for the poor.

Public Policy Initiatives

Programs and strategies implemented by the government to improve the lives of underprivileged populations.