Last year, Banerjee and coauthors published a paper in Science that showed the striking impacts of poverty graduation programs in 6 countries after three years. This week, we get a new paper from Bandiera and coauthors that revisits one of the models of this type of program they wrote about in 2013 and looks not only at a wide range of benefits, but also at what happens in the longer run.
Can we break poverty traps? An interesting new paper by Oriana Bandiera, Robin Burgess, Narayan Das, Selim Gulesci, Imran Rasul, and Munshi Sulaiman adds to this emergent literature with a definitive “yes we can.” Bandiera, et. al. evaluate a program run by the NGO BRAC which provides a significant infusion of capital, coupled with training, for Bangladeshi women.