Dalton, Patricio S. and Ghosal, Sayantan (2010) Poverty and aspirations failure. In: Behavioural Welfare Economics, San Servolo, Bay of Venice, Italy, 21-22 Jul 2010 (Unpublished)

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Abstract

This paper introduces a formal model of internal constraints that derives the link between initial disadvantage with aspirations and choices. We show how the cognitive windows of individuals are endogenously determined and show how an individual's cognitive neighbors impacts on internal constraints. Our analysis suggests that accounting for poverty traps requires an account of how the external disadvantage and internal constraints interact and provides a justification for intervention programs that aim to shock aspirations directly and seek to empower participants.

Item Type:	Conference Item (Paper)
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Social Sciences > Economics
Official Date:	21 July 2010
Dates:	Date Event 21 July 2010 Completion
Status:	Not Peer Reviewed
Publication Status:	Unpublished
Funder:	Economic and Social Research Council (ESRC)-DFID, EST Marie Curie Fellowship, Royal Economic Society Junior Fellowship, Warwick Economics Department
Grant number:	RES-167-25-0364
Version or Related Resource:	Patricio S., Dalton and Ghosal, Sayantan (2011). Poverty and aspirations failure. In: Royal Economic Society 2011 Conference. Royal Holloway, London, 18-20 Apr 2011. Patricio S., Dalton and Ghosal, Sayantan (2011). Poverty and aspirations failure. In: Warwick International Development Summit 2011. University of Warwick, Coventry, 18-20 Nov 2011.
Conference Paper Type:	Paper
Title of Event:	Behavioural Welfare Economics
Type of Event:	Conference
Location of Event:	San Servolo, Bay of Venice, Italy
Date(s) of Event:	21-22 Jul 2010
Related URLs:	Organisation Other

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