We study the impacts of a rural development program designed to boost the income of the smallfarm sector in Nicaragua. Exploiting the random assignment of treatment, we find statistically and economically significant impacts on gross farm income and investment in productive farm capital. Using...

Natural disasters give rise to loss and damage and may affect subjective expectations about the prevalence and severity of future disasters. These expectations might then in turn shape individuals’ investment behaviors, potentially affecting their incomes in subsequent years. As part of an...

In this editorial introduction to the Special Issue "Rural aspirations—Livelihood decisions and rural development trajectories", we outline current views on aspirations and their relevance for development research, projects and approaches. Using several examples from Africa, we outline how the...