who show strong evidence of convergence of incomes towards the average. However, for
those households that are above the poverty line, there is no conclusive evidence of the
pattern of income growth nor the role of education, implying that such households may
be less susceptible to long-term effects of income shocks in either direction3. On its own,
attainments of secondary education does not have a significant influence on income
growth for those who are non-poor, but has a very large and significant positive effect for
the poor.
3 It is possible that incomes for such non-poor households is driven by their (higher) asset holdings.
18
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