A multidimensional analysis of adaptation in a developing country context
Econometric analyses of European datasets suggest that income aspirations increase with current income. This finding is consistent with the adaptation hypothesis – the notion that individual aspirations adjust to reflect personal circumstances and living conditions. We add to these existing studies...
| Main Authors: | , |
|---|---|
| Format: | Working paper |
| Language: | English |
| Published: |
CSAE (University of Oxford)
2007
|