All individuals rely on a fundamental set of mental capacities and functions, or bandwidth, in
their economic and non-economic lives. Yet, many factors associated with poverty, such as …

Standard theorizing about poverty falls into two camps. Social scientists regard the
behaviors of the economically disadvantaged either as calculated adaptations to prevailing …

Behavioral development economics applies theories and ideas from psychology and
behavioral economics to the study of questions in development economics. We begin by …

Economic theory and conventional wisdom suggest that time preference can cause or
perpetuate poverty. Might poverty also or instead cause impatient or impulsive behavior …

Poverty is associated with a wide range of counterproductive economic behaviors. Scarcity
theory proposes that poverty itself induces a scarcity mindset, which subsequently forces the …

We review recent findings regarding the psychology of decisionmaking in contexts of
poverty, and consider their application to public policy. Of particular interest are the oft …

This study explored the importance of financial satisfaction versus postmaterialist needs for
subjective well-being (SWB). Using the Gallup World Poll, we examined whether financial …

Recent research has studied how resource scarcity draws attention and creates cognitive
load. As a result, scarcity improves some dimensions of cognitive function, while worsening …

The paper provides an overview and assessment of an emerging literature on the
psychology and behavioural economics of poverty. We particularly highlight poverty …

Highlights•The context of poverty produces persistent and cognitively taxing hardship.•In
poverty, thoughts about money are spontaneous, intrusive, and hard to suppress.•Instead of …