Education is key to breaking the cycle of poverty from "summary" of Poor Economics by Abhijit Banerjee,Esther Duflo
The idea that education can play a crucial role in lifting people out of poverty is not new, but the evidence supporting this claim is far from conclusive. While it is commonly believed that education can empower individuals and provide them with the necessary skills to secure better-paying jobs, the reality is often more complex. In our research, we have found that the impact of education on poverty alleviation is not always straightforward. Simply increasing the number of years that individuals spend in school does not guarantee an escape from poverty. In some cases, individuals may complete their education only to find themselves trapped in low-paying, unstable jobs that offer little opportunity for advancement. However,...
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