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Aspirations and economic behavior
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Ray, Debraj and Genicot, Garance (2020) Aspirations and economic behavior. Annual Review of Economics, 12 . pp. 715-746. doi:10.1146/annurev-economics-080217-053245 ISSN 1941-1383.
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Official URL: https://doi.org/10.1146/annurev-economics-080217-0...
Abstract
This article reviews the literature on aspirations in economics, with a particular focus on socially determined aspirations. The core theory builds on two fundamental principles: (a) Aspirations can serve to inspire, but still higher aspirations can lead to frustration and resentment; and (b) aspirations are largely determined by an individual's social environment. Using the structure of this core theory, we discuss the implications of our framework for the study of interpersonal inequality, social conflict, fertility choices, risk taking, and goal setting.
Item Type: | Journal Article | ||||||||
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Divisions: | Faculty of Social Sciences > Economics | ||||||||
Journal or Publication Title: | Annual Review of Economics | ||||||||
Publisher: | Annual Reviews | ||||||||
ISSN: | 1941-1383 | ||||||||
Official Date: | August 2020 | ||||||||
Dates: |
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Volume: | 12 | ||||||||
Page Range: | pp. 715-746 | ||||||||
DOI: | 10.1146/annurev-economics-080217-053245 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access | ||||||||
Date of first compliant deposit: | 3 March 2020 | ||||||||
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