There is a growing appreciation in economics that people have emotional vulnerabilities, commitments to social norms, and systematic irrationalities, which impact their decision making and choice in the marketplace. The flip side of this is that human beings are susceptible to being manipulated...

Negative attitudes toward groups in society are widespread and underpin systematic processes of social exclusion that marginalize people and deny them opportunities and dignity. This paper looks at the processes underlying social exclusion. It uses data covering Eastern Europe and Central Asia...

Middle class values have long been perceived as drivers of social cohesion and growth. This paper investigates the relation between class (measured by position in the income distribution), values, and political orientations using comparable values surveys for six Latin American countries. The...

This paper incorporates morality -- defined as lower utility from consuming goods obtained through appropriative rather than productive activities -- into a simple static general equilibrium model in which agents choose whether to be producers or appropriators. The authors analyze the...

This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories ( "pre-confirmatory bias" ) and perceptions (confirmatory bias), and are themselves...

This article examines the effect of water pricing policies on farmers? water saving behaviors, using original water user group (WUG) data from a reservoir irrigation system in China. The introduction of volumetric water pricing at the group level, to replace area-based pricing, induces...

This paper studies the role of social-emotional or psychological capital in determining the education and employment aspirations of adolescent girls and young women in India. The study finds that girls'self-efficacy and mental health are important determinants of their educational and employment...

This paper combines theory with data from different domains to provide an empirical analysis of the scale and variability of social capital as wealth. The analysis is used to argue, given what has been learned from the literature on social capital, that the welfare returns to investing in trust...

This paper studies how self-help groups?village-based organizations designed to encourage savings, household production and social cohesion among the poor?can promote economic and social capital. The paper uses survey data and a wide array of social capital measures to assess the impact of a...

This paper studies how self-help groups?village-based organizations designed to encourage savings, household production and social cohesion among the poor?can promote economic and social capital. The paper uses survey data and a wide array of social capital measures to assess the impact of a...