Traditionally focused on external constraints, economists are increasingly recognizing the
importance of internal constraints that reflect perceptions as much as reality. Perceived self …

Purpose The purpose of the present paper is to provide a systematic overview of dimensions
that need to be enfolded or considered in microfinance policies and strategies designs as …

We evaluate a multifaceted policy intervention attempting to jump-start adolescent women's
empowerment in Uganda by simultaneously providing them vocational training and …

Aspirations, or a lack thereof, have recently gained the attention of economists as a
behavioral constraint to future-oriented behavior and investment. In this paper we …

We investigate the relationship between aspirations, risk preferences, and investment in
agricultural technologies using data collected among cacao farmers in Ecuador. We first find …

A randomized experiment among poor entrepreneurs tested the impact of exogenously
inducing higher financial aspirations. In theory, raising aspirations could have positive …

We conduct a randomized experiment to evaluate the effect of a light-touch, low-cost
psychological intervention on psychological well-being and economic decision-making in a …

In the context of accelerating climate change, it is important to understand the determinants
of farmers' adaptive capacity. Here, we focus on the role of non-cognitive skills, including …

Microcredit has received considerable attention due to its potential to help achieve the
Sustainable Development Goals (SDGs), in particular through its effects on poverty …

We combine data collected just prior to the unfolding of COVID‐19 with follow‐up data from
July 2020 to document the adverse economic effects of the pandemic and resulting impact …