1 ASPIRATIONS FAILURE AND WELL-BEING OUTCOMES IN ETHIOPIA TOWARDS AN EMPIRICAL EXPLORATION Tanguy Bernard, Alemayehu Seyoum Taffesse, Stefan Dercon Version: December 2008 Address for correspondence: Alemayehu Seyoum Taffesse, International Food Policy Research Institute, P.O. Box 5689, Addis Ababa, Ethiopia. Email addresses are: t.bernard@cgiar.org ; a.seyoumtaffesse@cgiar.org ; and stefan.dercon@economics.oxford.ac.uk .