NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Hope as Aspirations, Agency, and Pathways: Poverty Dynamics and Microfinance in Oaxaca, Mexico

Travis J. Lybbert, Bruce Wydick

NBER Working Paper No. 22661
Issued in September 2016
NBER Program(s):Development Economics

Work in positive psychology decomposes hope into aspirations, agency, and pathways. Operating in the context of an economic model developed with this framework, we review the literature on hope from philosophy, theology, psychology, and its relationship to emerging work on aspirations in development economics. We then present one-month follow-up results from an experimental study based on a hope intervention in Oaxaca, Mexico among 601 indigenous women with access to microfinance loans. Our early experimental results suggest that the intervention raised aspirations approximately a quarter of a standard deviation, significantly raised a hope index among the treated subjects, and had positive but statistically insignificant results on enterprise revenues and profits.

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Document Object Identifier (DOI): 10.3386/w22661

Forthcoming: Hope as Aspirations, Agency, and Pathways: Poverty Dynamics and Microfinance in Oaxaca, Mexico, Travis J. Lybbert, Bruce Wydick. in The Economics of Poverty Traps, Barrett, Carter, and Chavas. 2017

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