Changing households' investments and aspirations through social interactions : evidence from a randomized transfer program (English)

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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Author

Macours,Karen;

Vakis,Renos;
Document Date
2009/11/01
Document Type
Policy Research Working Paper
Report Number
WPS5137
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Changing households' investments and aspirations through social interactions : evidence from a randomized transfer program
Keywords
productive investment

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Citation

Macours,Karen; Vakis,Renos.

Changing households' investments and aspirations through social interactions : evidence from a randomized transfer program (English). Impact Evaluation series ; no. IE 41|Policy Research working paper ; no. WPS 5137 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/103711468159916345

Changing households' investments and aspirations through social interactions : evidence from a randomized transfer program (English)

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