Aspirations and Inequality
---- Acknowledgements -----
Thanks to seminar participants at Georgetown University, the World Bank, Maryland University, Washington University in St. Louis, the Microfoundations of Development Conference at LSE, the conference on the Economic Theory of Development at ColMex and LAMES 2008. Ray's research was funded by the National Science Foundation under grant SES-1261560. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.