摘要：This report is an empirical inquiry into how poverty is changed by the macroeconomy.The analysis suggests low real wage rates and not the unemployment rate are the mostimportant determinant of poverty in the long run. Changes in output and unemploy-ment primarily affect cyclical or shortrun poverty. The empirical results weaken thebelief that output growth acting alone will significantly and permanently reduce pover-ty in the United States. Instead, the results suggest combining economic growth strate-gies with targeted interventions that may lie outside the traditional sphere of monetaryand fiscal policy.
