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Applying Behavioural Economics to International Development Policy

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  • Leigh Anderson
  • Kostas G. Stamoulis

Abstract

Many development policies and programmes are premised on a traditional economic model of rationality to predict how individuals will respond to changes in incentives. Despite the emphasis of these programmes on poverty reduction, economists and the development community in general are still unable to fully understand how the poor make decisions, especially under uncertainty and over time.

Suggested Citation

  • Leigh Anderson & Kostas G. Stamoulis, 2006. "Applying Behavioural Economics to International Development Policy," WIDER Working Paper Series RP2006-24, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:rp2006-24
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    File URL: https://www.wider.unu.edu/sites/default/files/rp2006-24.pdf
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    2. Kelly Kilburn & Sudhanshu Handa & Gustavo Angeles & Peter Mvula & Maxton Tsoka & UNICEF Office of Research - Innocenti, 2016. "Happiness and Alleviation of Income Poverty: Impacts of an unconditional cash transfer programme using a subjective well-being approach," Papers inwopa857, Innocenti Working Papers.
    3. Balu Ramoo, 2018. "Salient Beliefs that Influence the Malaysian Engineers Intention to Migrate Abroad," Border Crossing, Transnational Press London, UK, vol. 8(1), pages 40-63, January-J.
    4. Gockel, Ryan P. & Cullen, Alison C., 2013. "Willing, but Unable: Determinants of Participation Rates for TrainingWorkshops in Central Vietnam," Asian Journal of Agriculture and Rural Development, Asian Economic and Social Society (AESS), vol. 3(10), pages 1-15, October.

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