Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/202615 
Erscheinungsjahr: 
2017
Schriftenreihe/Nr.: 
Memorandum No. 07/2017
Verlag: 
University of Oslo, Department of Economics, Oslo
Zusammenfassung: 
We provide an explanation of the low willingness to save that is observed in many poor countries. Our explanation is based on the hypothesis that people have an over-optimistic outlook. As discussed in the psychological literature, an illusionary positive view of the future may be a good thing. However, we show that it can lead individuals to accumulate unsustainable levels of debt. Using survey data from South Africa, we confirm that poor people are indeed overly optimistic, and also that optimism is positively and significantly related to debt accumulation.
Schlagwörter: 
poverty
savings
discounting
debt
JEL: 
D03
D14
O1
O12
Dokumentart: 
Working Paper

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