Poverty reduction programs modeled on BRAC's graduation approach build up both tangible productive assets and intangible psychosocial assets such as self-confidence and the aspiration for upward mobility. The goal of this paper is to better understand how psychosocial factors operate and shape...

This study examines the effectiveness of a place-based policy targeting rural areas in Japan to address regional economic disparities. The policy offers financial incentives to regions with significant declines in population and an aging population to increase capital investment and public...