Consumption, Credit, and Institutions: Using Field Research and Theory to Consider Poverty Alleviation

W. Parker Wheatley

Forum for Social Economics, 2014, vol. 43, issue 1, 57-96

Abstract: This paper discusses the role of social, institutional, and psychological factors in the consumption and borrowing behavior of low-income households, and makes arguments in favor of policy interventions to alleviate some of the challenges of these households. Focus group evidence and findings on the current behaviors and borrowing patterns of low-income families are provided to support and motivate this perspective on consumption and policy. While the data are drawn from a specific region, the observations and findings could be generalized to other communities after accounting for different cultural and social characteristics. This research provides an in-depth understanding of the challenges confronted by low-income individuals at achieving their economic desires for lives of basic dignity, explores both economic and non-economic motivations, and provides insights useful for policy deliberation and model development.

Date: 2014
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DOI: 10.1080/07360932.2012.732018

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