From Poverty to Prosperity: The Power of Education

Abstract

In the context of initiatives aimed at reducing the poverty risk rate, identifying the factors that contribute to this phenomenon is essential. Therefore, it is mandatory to develop and increase the accessibility in certain sectors, such as the educational and health sectors, it is mandatory to improve governance and the reduction of corruption within public administration. From this perspective, this research aims to identify the variables that influence the at-risk-of-poverty rate and how it is influenced. The collected data from secondary sources and the panel-type data model were used in order to carry out an empirical study of the EU member states, in two subsamples covering the period 2012–2023. The results of the study show that the at-risk-of-poverty rate is influenced by a variety of factors, given its multidimensional nature. Whether confirming or rejecting the results of previous studies, this research provides additional evidence that helps fill various gaps in the existing literature.