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poverty trap
(redirected from Poverty traps)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

poverty trap

Situation where a person reduces his or her net income by taking a job, or gaining a higher wage, which disqualifies him/her from claiming social security benefits or raises his/her tax liability.



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We have Northerners in poverty traps and we have Northerners who are trapped in conspicuous consumption (Not the readers of this column, of course).
Families will get 10 per cent of the value of their rented property in a bid to stop estates becoming poverty traps.
Their topics include consumption variety and growth, the role of self-confidence and social norms in redistributing opportunities in a job search model, and economic growth and poverty traps.
 
 
 
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