Low aspirations can limit households’ investments and contribute to sustained poverty. Vice versa, increased aspirations can lead to investment and upward mobility. Yet how aspirations are formed is not always well understood. This paper analyzes the role of social interactions in determining aspirations in the context of a program aimed at increasing households' investments. The causal effect of social interactions is identified through the randomized...
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详细
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2009/11/01
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政策研究报告
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WPS5137
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1
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1
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2010/07/01
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Disclosed
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Changing households' investments and aspirations through social interactions : evidence from a randomized transfer program
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productive investment