Individuals’ aspirations and their consequences for future-oriented behavior have received increased attention in devel-opment economics literature in recent years. At this stage, however, each study relies on ad hoc empirical instruments to measure aspirations, thereby limiting...

Poor people often do not make investments, even when returns are high.  One possible explanation is that they have low aspirations and form mental models which ignore some options for investment.  This paper reports on findings of an innovative experiment to test this in rural Ethiopia. ...

Fatalism is considered pervasive, especially in many poor communities. In this paper, we explore whether fatalistic beliefs have implications for the attitudes and behavior of poor rural households toward investment in the future. To explore the idea of fatalism, we draw inspiration from...

Poor people often do not make investments, even when returns are high. One possible explanation is that they have low aspirations and form mental models which ignore some options for investment. This paper reports on findings of an innovative experiment to test this in rural Ethiopia. Firstly,...

Fatalism is considered pervasive, not least within many poor communities.  In this paper, we explore whether 'fatalistic' beliefs have implications for the attitudes and behaviour of poor rural households towards investment in the future.  We first explore the idea of fatalism drawing...

This paper examines the impact of marketing cooperatives on smallholder commercialization of cereals using detailed household data in rural Ethiopia. We use the strong government role in promoting the establishment of cooperatives to justify the use of propensity score matching in order to...

This article examines the impact of marketing cooperatives on smallholder commercialization of cereals using detailed household data in rural Ethiopia. We use the strong government role in promoting the establishment of cooperatives to justify the use of propensity score matching to compare...

This paper addresses the extent to which the scope of smallholder cooperatives' activities may affect their performance in marketing their members' surplus output. Previous papers have highlighted such effects and explained it by the extra burden that diversified activities impose on the often...