Success, survive or escape? aspirations and poverty traps
(2017)
Preprint / Working Paper
Chivers, D. (2017). Success, survive or escape? aspirations and poverty traps
I present a model of occupational choice where an agent decides whether to invest in a project that yields risky returns or a project that yields safe returns. An agent’s utility is a¤ected by the presence of an aspiration level which will only be sa... Read More about Success, survive or escape? aspirations and poverty traps.