Posts related to “economic mobility”

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Madagascar: Expanding the Bandwidth of the Extreme Poor

Nov 2, 2015 by ideas42 & The World Bank

This post originally appeared on World Bank Voices blog and was co-authored by ideas42 and members of the World Bank. It is 8 AM. The winter sun begins to appear over the gray-green mass of trees above the village of Tritriva in Madagascar’s central highlands. The courtyard of a stone church is already filled with … Read more.

New World Bank Team Mainstreams the Adoption of Behavioral Science in International Development

Oct 22, 2015

Today’s World Bank Global Insights Initiative (GINI) announcement represents many milestones. It’s the most significant of the many recent steps made by the world’s multilateral governance institutions to add behavioral science tools alongside those of traditional economics to the modern policymaker’s toolbox. As such, it’s a triumph for those of us who support a behavioral … Read more.

Creating Slack: Poverty Interrupted

Sep 22, 2015

This post is part of a series about Poverty Interrupted, ideas42’s groundbreaking effort to bring a behavioral science approach to the problem of intergenerational poverty. Imagine that your car is having some trouble and it will cost $150 in service to take care of the problem. Unfortunately, your insurance will only cover 10% of this … Read more.

Introducing the ideas42 Directory of Academic Experts in Behavioral Science

Sep 3, 2015

We probably don’t need to tell you, savvy reader, that behavioral science is fascinating. The insights on human behavior that have come from the last few decades of research are not only profound and compelling, but can also delight. Take loss aversion. First demonstrated by Daniel Kahneman and Amos Tversky, this principle says we dislike … Read more.

Cut the Costs: Poverty Interrupted

Jul 8, 2015

For the 45.3 million Americans who struggle to cover basic expenses, living in poverty is costly in terms of time, money, and cognition. Recent research by two of ideas42’s cofounders gives a name to the cognitive costs of poverty: a bandwidth tax, levied by the experience of scarcity. They find that lacking a key resource, … Read more.

A New Model for Financial Education

Jun 16, 2015

Most car owners know that regular oil changes keep their cars running smoothly. Every few months, they visit their local dealerships, service stations or Jiffy Lubes and drive off 15 minutes later with the maintenance complete. But what if places like Jiffy Lube didn’t provide direct services? What if instead they hosted one-hour informational seminars … Read more.

How Behavioral Science Can Improve Financial Technology Innovations

Jun 11, 2015 by Eldar Shafir

Like many of us, I’m lucky enough to be able to manage my daily life while devoting just a sliver of my mind to looking after my personal finances. But for lower-income American households, navigating continuously challenging financial situations takes up a significant portion of their time, attention, and cognitive resources. Since we are all … Read more.

How Can Behavioral Science Reform Higher Ed?

Jun 2, 2015

At ideas42 we do a lot of work applying behavioral science to challenges in higher education. Obtaining a university education is an incredibly strong predictor of individual earnings and economic mobility. But, unfortunately, the barriers to completing a degree are growing, with ballooning costs and student debt stifling economic growth and opportunity. This growing crisis … Read more.

Behavioral Design Lessons for Improving Consumer Financial Health

Mar 30, 2015

Imagine you’ve been stuck in a meeting that ran into the lunch hour and you’re hungry—really hungry. You’ll focus on your hunger, craving whatever is closest and finding it tough to stick to long-term nutritional goals like maintaining low cholesterol. A very hungry version of you will also be more easily deterred by any short-term … Read more.

Breaking the Cycle of Poverty: New Insights

Nov 7, 2014 by ideas42

45.3 million: The number of Americans living in poverty in 2013.  $500 billion: The estimated cost of poverty in the United States each year, including public expenditures and lost earnings. In response to these startling statistics, ideas42 recently launched the Poverty Interrupted initiative, a radical venture aiming to use insights from behavioral science to help … Read more.