​”The audacity of hope: Poverty and aspirations”

Galiani, Gertler, and Undurraga’s recent article in VoxDev discusses the impact of encouraging unattainable aspirations among poor households on their welfare. Using their recent paper evaluating how housing aspirations of non-beneficiaries change over time, the authors conclude that policies designed to stimulate future-oriented actions simply by raising the aspirations of poor people, without helping to provide them with the external or internal means required to satisfy those aspirations, are likely to fail.