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- W3160763914 abstract "Chapter 11 analyzes the overall economic cost of poverty to the United States. Childhood poverty is estimated to cost the United States approximately $1 trillion a year. This is the result of a loss of economic productivity, higher health expenses, and increased criminal justice costs. It is also estimated that for every dollar spent in reducing poverty, the nation would save up to $12 in reduced expenses. The argument of equality versus efficiency is discussed, and shown to be lacking in strength. High rates of poverty are viewed as leading to greater inequality as well as reducing economic efficiency." @default.
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- W3160763914 date "2021-04-02" @default.
- W3160763914 modified "2023-09-23" @default.
- W3160763914 title "The Economic Cost of Poverty Is Enormous" @default.
- W3160763914 doi "https://doi.org/10.1093/oso/9780190881382.003.0011" @default.
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