Aspirations, inequality, and behavioral change: evidence from Colombia

In this article, I analyze why inequality can discourage investment. I derive my hypothesis from the theory of aspirations as a reference point. A more significant aspiration gap - the distance between the current state and the aspired state - leads to frustration and fewer incentives to invest. In...

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Bibliographische Detailangaben

Veröffentlicht in:	Development studies research 2022-12, Vol.9 (1), p.12-20
1. Verfasser:	Edison Rojas Mora, Jaime
Format:	Artikel
Sprache:	eng
Schlagworte:	Aspirations capital accumulation debt Hypotheses Inequality negative shocks reference point
Online-Zugang:	Volltext
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