What We Do
For nearly a decade now, the IDB has incorporated behavioral insights across its projects, country dialogue, and policy design. The mission of the Behavioral Economics Group is to further these efforts, improving policy design through behavioral insights while positioning the IDB as a thought leader on the subject in Latin America and the Caribbean.
What We Do
to build institutional capacity on behavioral insights at the IDB and in the region;
to generate new knowledge through country-based interventions
and to disseminate results and best practices.
At the IDB, we have leveraged insights from behavioral economics to improve educational outcomes and degree choice, increase personal savings and social security contributions, and promote greater tax compliance and debt repayment to the state. Along many others, we are also improving the health indicators of children and adults and improving the relationship between citizens and the institutions that serve them.
What Drives Us
We believe that mainstreaming behavioral insights across our projects has the potential to create better policies, improving the lives of citizens across Latin America and the Caribbean by helping them make the choices that increase their welfare.
On June 5-7, we will be hosting the first meeting of LACEA-BRAIN, the Behavioral Insights Network of the Latin American Economic Association. The event is co-hosted by the IDB and the World Bank’s eMBeD and will showcase work at the frontier of behavioral economics, with a special emphasis on applications to policy and to the LAC region.
Information and citizen behavior: Public policies for better decisions. Citizens are often busy, stressed and they don´t have time or the tools to make take the right decisions. That's why the information you provide to them, how clear and concise it is, and how you distribute it can be important in determining how they behave. The IDB has conducted several interventions in which it offered clear information to citizens so they could make better decisions. We are working on environmental issues, providing information on pollution, on issues of citizen safety and the relationship with the police, and on conservation of resources like drinking water. In all cases, we seek to increase confidence in the State and greater demand for public policies with long-term benefits. At the IDB we are committed to continue designing and supporting public policies that improve the lives of Latin Americans.