How can you say that income and poverty are interrelated ?
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Hey mate here is your answer .....
Poverty is not having enough material possessions or income for a person's needs. Poverty may include social, economic, and political elements.
when ..
The relationship between income poverty and perceptions of financial difficulties is analysed.
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A feedback effect from past perceived financial difficulties on current income poverty is found.
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Perceptions can have an objective effect on individuals’ outcomes.
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Data is from Luxembourg and results are robust to different specifications...
hope it's helpful for you .....
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