Event

Goals for Development: Experimental Evidence from Cassava Processors in Ghana by Elena Cettolin

Microeconomics Research Seminar Series, Summer Term 2022

  • Mon 23 May 22

    16:00 - 17:30

  • Colchester Campus

    5B.307

  • Event speaker

    Elena Cettolin

  • Event type

    Lectures, talks and seminars
    Microeconomics Research Seminar Series

  • Event organiser

    Economics, Department of

Join Elena Cettolin as they present their microeconomics research on Goals for Development: Experimental Evidence from Cassava Processors in Ghana

Goals for Development: Experimental Evidence from Cassava Processors in Ghana by Elena Cettolin

Join us for the another event in the Microeconomics Research Seminar Series, Summer Term 2022

Elena Cettolin from the Department of Economics, Tilburg School of Economics and Management will present their microeconomics research on Goals for Development: Experimental Evidence from Cassava Processors in Ghana

Abstract

Lack of capital, technology and management skills are known to be barriers for small firm growth in developing countries. However less attention has been given to improve performance of labor. We test whether setting non-binding production goals can improve workers’ performance in small agricultural processors in Ghana. We first train workers and employers to measure their daily production, and after a month, we randomly assign a sub-sample of them to implement daily production goals for the subsequent month. We find a significant positive effect of goal setting on workers’ performance: compared to their counterparts who only measure production, workers that set goals increase daily output by 16%, work around 40 minutes longer per day and are 9% more productive per hour. Average product of labor increases by 14%. The data suggest that goals act as a commitment device for workers with self-control problems and ignite their competitive spirit. This paper provides a proof of concept that goal setting can be an effective and inexpensive practice to foster small firm growth.

This seminar will be held at the Colchester Campus, in the Economics Common Room (5B.307) at 4pm, and will also be available on zoom. This event is open to all levels of study and is also open to the public. To register your place, please contact the seminar organisers.

This event is part of the Microeconomics Research Seminar Series.

 

A lady handling money
Contact the seminar organisers
Dr Ahrash Dianat Department of Economics
University of Essex
Dr Aditya Kuvalekar Department of Economics
University of Essex

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