2009
DOI: 10.1596/1813-9450-5137
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Changing Households' Investments And Aspirations Through Social Interactions : Evidence From A Randomized Transfer Program

Abstract: The Impact Evaluation Series has been established in recognition of the importance of impact evaluation studies for World Bank operations and for development in general. The series serves as a vehicle for the dissemination of findings of those studies. Papers in this series are part of the Bank's Policy Research Working Paper Series. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors… Show more

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Cited by 77 publications
(75 citation statements)
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“…This is an important warning for studies that use satisfaction with life questions as the only indicator of subjective wellbeing. We also observed the influence of peer groups -highlighted as important by Vakis and Macours (2009), among others -in forming people's 'cognitive window' (Ray, 2003) within which they aspire and pursue aspirations.…”
Section: Discussionmentioning
confidence: 70%
See 1 more Smart Citation
“…This is an important warning for studies that use satisfaction with life questions as the only indicator of subjective wellbeing. We also observed the influence of peer groups -highlighted as important by Vakis and Macours (2009), among others -in forming people's 'cognitive window' (Ray, 2003) within which they aspire and pursue aspirations.…”
Section: Discussionmentioning
confidence: 70%
“…They are always formed in interaction and in the thick of social life ' (2004:67). His proposition is supported by Macours and Vakis (2009) who find that the aspirations and investments of Nicaraguan households after receipt of a cash transfer are primarily influenced by their social interactions. Appadurai (2004:65-6) further observes that poor people can oscillate between an alienation from and a 'deep moral attachment' towards societal norms that support their own oppression: 'the poor are frequently in a position where they are encouraged to subscribe to norms whose social effect is to further diminish their dignity, exacerbate their inequality, and deepen their lack of access to material goods and services'.…”
mentioning
confidence: 91%
“…Overall, the literature on aspiration formation has focused mainly on the effect of direct or indirect encouragement from role models (Beaman et al, 2012;Miller and Connolly, 2013;Macours and Vakis, 2009;Nguyen, 2008). This study provides novel evidence that improvements in own health can lead to immediate improvements in aspirations of future mobility.…”
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confidence: 99%
“…Exposing poor individuals to successful role models from a similar social background is such a mechanism that is found to have the desired effect. Macours and Vakis (2008) find that the responsiveness to an asset transfer program would increase if the test subjects were exposed to a female leader that also participated in that program. They argue that the proximity to the female leaders increases the aspirations of the test subjects, which in turn increases their investment and human skill accumulation.…”
Section: The Aspirations Conceptmentioning
confidence: 89%