A randomized experiment among poor entrepreneurs tested the impact of exogenously inducing higher financial aspirations. In theory, raising aspirations could have positive effects by inducing higher effort, but could also reduce effort if unmet aspirations lead to frustration. Treatment resulted in more ambitious savings goals, but nearly all individuals fell far short of reaching these goals. Two years later, treated individuals had not saved more...
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详细
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2021/03/17
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政策研究报告
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WPS9586
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1
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1
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2021/03/17
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Disclosed
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Aspirations and Financial Decisions : Experimental Evidence from the Philippines
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savings goal