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The Nonparticipation Problem: Behavioral Economics and The Take-Up of Social Benefits
2018
Policy Perspectives
The nonparticipation of low-income households in social benefit programs remains a puzzle to many economists, especially when analyzed through a neoclassical lens. For some households, the decision to participate in a government benefit program could mean the difference between living above or below the poverty line. However, behavioral economics—a branch of economics that incorporates human psychology into economic models—may provide a useful framework through which to analyze the
doi:10.4079/pp.v25i0.18350
fatcat:zr6fhuhekzhvthrvarrni473ku