Archivio per 18 febbraio 2014

18
Feb
14

Human Well-Being and In-Work Benefits: A Randomized Controlled Trial by Richard Dorsett, Andrew J. Oswald :: SSRN

See on Scoop.itBounded Rationality and Beyond

Abstract:      
Many politicians believe they can intervene in the economy to improve people’s lives. But can they? In a social experiment carried out in the United Kingdom, extensive in-work support was randomly assigned among 16,000 disadvantaged people. We follow a sub-sample of 3,500 single parents for 5 ensuing years. The results reveal a remarkable, and troubling, finding. Long after eligibility had ceased, the treated individuals had substantially lower psychological well-being, worried more about money, and were increasingly prone to debt. Thus helping people apparently hurt them. We discuss a behavioral framework consistent with our findings and reflect on implications for policy.

See on papers.ssrn.com

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18
Feb
14

Human Well-Being and In-Work Benefits: A Randomized Controlled Trial by Richard Dorsett, Andrew J. Oswald :: SSRN

See on Scoop.itBounded Rationality and Beyond

Abstract:      
Many politicians believe they can intervene in the economy to improve people’s lives. But can they? In a social experiment carried out in the United Kingdom, extensive in-work support was randomly assigned among 16,000 disadvantaged people. We follow a sub-sample of 3,500 single parents for 5 ensuing years. The results reveal a remarkable, and troubling, finding. Long after eligibility had ceased, the treated individuals had substantially lower psychological well-being, worried more about money, and were increasingly prone to debt. Thus helping people apparently hurt them. We discuss a behavioral framework consistent with our findings and reflect on implications for policy.

 

See on papers.ssrn.com




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