Friday16Nov 2018
ESI Lecture Series
Alessandra Cassar, PhD - "Raising Achievement Among Microentrepreneurs: An Experimental Test of Goals, Incentives, and Support Groups in Medellin, Colombia"
Friday, November 16, 2018
3:00 p.m. PST
Abstract - Inspired by the success of the California-based Family Independence Initiative (FII), we designed a field experiment to estimate the impact of an inexpensive program structured around goal-setting, small monetary incentives, and support groups on the achievement of business-related objectives. In collaboration with Medellin-based Bancos de las Opportunidades, we randomly assigned small business owners to one of four experimental groups that met regularly for six months and to two control groups. Our results show that the mere act of establishing a goal plays a large and significant role in individual outcomes. Yet, it was the full FII combination of goal-setting, monetary incentive, and group support that resulted in the highest level of total business sales, pointing to the existence of complementarities between economic, social, and psychological interventions. Our study contributes to the emerging literature demonstrating that low-cost interventions focused on the internal constraints of the poor can help facilitate pathways out of poverty.
Bio - Alessandra Cassar is Professor of Economics at the University of San Francisco. She received her M.A. in Economics from Bocconi University, Milan, in 1996, and her Ph.D. in International Economics from the University of California, Santa Cruz, in 2001. Alessandra is passionate about investigating the origins of preferences and their role in development. Through laboratory and field experiments across the world, her studies concentrate on the under-studied areas of female competitiveness; the consequences of conflict and disaster victimization for altruism, trust, religiosity, risk and time preferences; and the role of social networks for economic outcomes. Alessandra is also researching how to use such behavioral knowledge to design programs to overcome individuals’ internal constraints to support poverty alleviation.
You can contact the event organizer, Cyndi Dumas at dumas@chapman.edu.
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