Changing Households' Investments and Aspirations Through Social Interactions : Evidence From A Randomized Transfer Program / Macours, Karen
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Publisher: Washington, D.C : The World Bank, 2009Description: Online-Ressource (45 p)Additional physical formats: Macours, Karen: Changing Households' Investments and Aspirations Through Social Interactions DOI: DOI: 10.1596/1813-9450-5137Online resources: Summary: 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 assignment of leaders and other beneficiaries to three different interventions within each treatment community. Social interactions are found to affect households’ attitudes toward the future and to amplify program impacts on investments in human capital and productive activities. The empirical evidence indicates that communication with motivated and successful nearby leaders can lead to higher aspirations and corresponding investment behaviorPPN: PPN: 834965208Package identifier: Produktsigel: ZDB-1-WBA | ZDB-110-WBLNo physical items for this record
2009. (World Bank eLibrary) |2009||||||||||