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2020 (2)

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Book
Saving for Dowry : Evidence from Rural India
Authors: --- ---
Year: 2020 Publisher: Washington, D.C. : The World Bank,

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Abstract

The ancient custom of dowry, that is, bride-to-groom marriage payments, remains ubiquitous in many contemporary societies. This paper examines whether dowry impacted household decision making and resource allocation in rural India during 1986-2007. Utilizing variation in firstborn gender and dowry amounts across marriage markets, the paper finds that the prospect of higher dowry payments at the time of a daughter's marriage leads parents to save more in advance. The higher savings are primarily financed through increased paternal labor supply. This implies that people are farsighted; they work and save more today with payoff in the distant future.


Book
When Goal-Setting Forges Ahead but Stops Short
Authors: --- --- --- --- --- et al.
Year: 2020 Publisher: Washington, D.C. : The World Bank,

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This paper reports the results of an at-scale randomized controlled trial among 18,000 secondary students in Zanzibar (Tanzania) to examine the effects of personal best goal-setting on student outcomes. The paper also tests the impact of combining goal setting with non-financial rewards conditional on students meeting the goals they set. The results suggest that goal-setting has a significant, positive impact on students' time use, study effort, and self-discipline. However, there are no significant impacts on test scores. This is partially because nearly two-thirds of the students do not set realistic goals. The paper finds that the effects on time use, study effort, and discipline are weaker when goal setting is combined with nonfinancial rewards. This suggests that tying goal setting to extrinsic incentives could weaken its impact. The results show stronger impacts for female students and from students from weaker socioeconomic backgrounds. These results demonstrate that goal setting can have positive impacts on student outcomes, especially for the relatively disadvantaged. However, for maximizing the impacts, goal setting may need to be combined with guidance on setting realistic goals, and extrinsic rewards tied to goals may need to be avoided.

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