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Abstract
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Article Information:
Income Deficiency, Transfers, and Development: A Microeconomic Perspective
Karl Theodore
Corresponding Author: Karl Theodore
Submitted: 2010 January, 03
Accepted: 2010 January, 21
Published: 2010 March, 10 |
Abstract:
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This paper attempts to examine the behaviour of households with particular reference to the
Caribbean context. The Caribbean environment is one that is characterized by chronic unemployment and
persistent poverty. Furthermore, major long-standing attempts to deal with these two problems are also
characteristic of the Caribbean scenario. The primary concern within the region is with the living conditions
of the vast majority of the people, referred to by C.Y. Thomas as the “poor and powerless.” The second level
of concern in this paper is with the use of resources in programmes that are designed to eradicate poverty and
unemployment. Since these programmes seem not to be working as expected, the question that we ask is
whether they are in fact unintentionally contributing to the problem. Moreover, does this anomalous situation
stem from making inappropriate assumptions about household behaviour? Given these concerns, our analysis
suggests that if the Caribbean region is to ever escape the twin problems of persistent poverty and chronic
unemployment, public policy should in fact attempt to encourage households to respond not merely to income
deficiency but also to income insecurity.
Key words: Ddeficiency, income, household, transfers, , ,
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Cite this Reference:
Karl Theodore, . Income Deficiency, Transfers, and Development: A Microeconomic Perspective. Current Research Journal of Economic Theory, (2): Page No: 87-101.
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ISSN (Online): 2042-485X
ISSN (Print): 2042-4841 |
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