To combat global poverty, social programs that not only provide cash to families — but also address psychological and social obstacles to seizing economic opportunities — can have a beneficial impact on people’s lives, according to new research from Northwestern University economists. 

“We need to take psychosocial aspects of social programs to fight poverty more seriously, and figure out how to integrate them effectively,” said Dean Karlan, a professor of economics and finance at the Kellogg School of Management at Northwestern and coauthor on the paper, which was published today (April 27) in Nature.

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