Poverty and People's Economic Behaviour

9 June, 2021

Thinking about poverty leads to greater impatience – people tend to postpone unpleasant activities. This effect may then contribute to the long-term nature of poverty. This is the result of an experiment reported in a joint paper published in the Economic Journal by Vojtěch Bartoš, Michal Bauer, Julie Chytilová and Ian Levely.

Julie Chytilová also discusses the psychology of poverty in the podcast of the Academy of Sciences of the Czech Republic. She talks about things that can influence people's behaviour and how it can be measured, which groups in society are dealing most with depression in times of a pandemic. For example, she talks about how deworming pills are connected to study success or if men and women make their decisions differently. She also mentions why the impact of the Covid-19 pandemic is to blame for the increased depression rate in young people in the Czech Republic.

Julie has been a member of the research community at CERGE-EI since 2015. Her main research orientation is in the area of behavioral and experimental economics. Since 2016, she has been an Associate Professor at the Institute of Economic Studies of the Faculty of Social Sciences at Charles University.

Read the article here.

Listen to the podcast (in Czech).