Human capital for reducing poverty

Poverty and decision-making: How behavioural science can improve opportunity in the UK

A third of the UK population spent at least one year in relative income poverty between 2011 and 2014. Traditionally policymakers and anti-poverty organisations such as the Joseph Rowntree Foundation (JRF) have focused on boosting people’s economic capital (e.g., income) and human capital (e.g., educational attainment) to reduce poverty. While investments in these areas have led to important gains in opportunity for many Britons, emerging research from behavioural science shows that other less tangible resources, which derive from psychological, social and cultural processes, significantly influence people’s ability to overcome disadvantage. ….[READ]

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