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Discussion paper

The future in mind: Aspirations and forward-looking behaviour in rural Ethiopia

Abstract:

Poor people often do not make investments, even when returns are high. One possible explanation is that they have low aspirations and form mental models of their future opportunities which ignore some options for investment. This paper reports on a field experiment to test this hypothesis in rural Ethiopia. Individuals were randomly invited to watch documentaries about people from similar communities who had succeeded in agriculture or business, without help from government or NGOs. A placebo...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Division:
Social Sciences Division
Department:
Blavatnik School of Government
Oxford college:
Jesus College
Role:
Author
Publisher:
Centre for Economic Policy Research Publisher's website
Pages:
DP10224
Series:
CEPR Discussion Paper
Publication date:
2014-11-17
ISSN:
0265-8003
Pubs id:
pubs:584287
URN:
uri:5eacb2a0-45f8-4a1d-9cc4-c023d0094564
UUID:
uuid:5eacb2a0-45f8-4a1d-9cc4-c023d0094564
Local pid:
pubs:584287

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