cover image: Policies for Aspirations. And Opportunities (English)

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Policies for Aspirations. And Opportunities (English)

4 Jun 2024

Policy interventions that foster aspirations, such as those using role models, are increasingly being implemented so that students, women, microentrepreneurs, farmers, and poor individuals can achieve untapped opportunities. Several of these interventions have successfully enhanced educational achievements, labor market participation, and business activities. However, raising the aspirations of individuals when they do not have opportunities to realize them can generate frustration and make them worse off. This paper argues that effective policy interventions need to account for both aspirations and opportunities and proposes a framework to consider both elements. The paper highlights how addressing either element in isolation can lead to unfavorable outcomes, such as falling into an aspiration trap (when low aspirations prevent people from seizing available opportunities), experiencing frustration (when aspirations are enhanced without matching opportunities), or remaining in a poverty trap (when both aspirations and opportunities are low). The paper discusses various policy approaches to raising aspirations and opportunities in light of these scenarios and the challenges of aligning the two elements.
gender education poverty latin america social protection world latin america & caribbean quality of employment aspirations and poverty

Authors

Muller,Noel, Fruttero,Anna, Calvo-Gonzalez,Oscar, De Hoop,Jacobus Joost

DOI
https://dx.doi.org/10.1596/1813-9450-10790
Disclosure Date
2024/06/04
Disclosure Status
Disclosed
Doc Name
Policies for Aspirations. And Opportunities
Originating Unit
Off of Sr VP Dev Econ/Chief Econ (DECVP)
Product Line
Advisory Services & Analytics
Published in
United States of America
Rel Proj ID
6L-Lac Gender Innovation Lab 2 -- P504274
Sector
Social Protection
Series Name
Policy Research working paper ; no. WPS 10790; PROSPERITY;
TF No/Name
TF0C3673-LACGIL Phase 2,TF0C4654-LACGIL 2
Unit Owning
EFI-LCR-POV-Poverty and Equity (ELCPV),EFI-ECA-POV-Poverty and Equity (EECPV)
Version Type
Final
Volume No
1

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