Sayantan Ghosal is Professor of Economics at the Adam Smith Business School at the University of Glasgow. He was Research Director for CAGE (an ESRC funded Research Centre) 2010 to 2012, and a Professor of Economics at the University of Warwick from 2004 to 2013. He continues his as a researcher at CAGE with a strong involvement in Theme 3, Poverty and Well being. He obtained his Ph.D. from CORE, Université Catholique de Louvain in 1995. His field of research is economic theory and its applications, including strategic foundations of general equilibrium, behavioral biases, welfare and deprivation, financial crises and long-run growth.
Lack of aspirations as a poverty trap
10 Jun 2013
Much of the literature on chronic poverty focuses on external constraints as impediments to escaping the poverty trap. A new strand of research suggests psychological factors such as a lack of aspirations and low self-esteem could reinforce these traps. This column presents results from an ongoing study that demonstrates that it is possible to change these psychological factors.
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