"We need to shift perspectives, leave the large question aside, and focus on the lives and choices of poor people-if we want to have any hope of making progress on this issue."
"Saving behavior crucially depends on what people expect will happen in the future. Poor people who feel that they will have opportunities to realize their aspirations will have strong reasons to cut down on their 'frivolous' consumption and invest in that future...the bigger point is that a little bit of hope and some reassurance and comfort can be a powerful incentive."
-Duflo and Banerjee, Poor Economics
"Saving behavior crucially depends on what people expect will happen in the future. Poor people who feel that they will have opportunities to realize their aspirations will have strong reasons to cut down on their 'frivolous' consumption and invest in that future...the bigger point is that a little bit of hope and some reassurance and comfort can be a powerful incentive."
-Duflo and Banerjee, Poor Economics
