Saturday, February 4, 2023

NYTimes: Do Cash Handouts Work to stimulate economic growth??

Do Handouts Work? https://nyti.ms/3Hxq00C

"Michael Faye et al co-founded GiveDirectly in 2009 while studying economic development at Harvard" 

"Giving cash has become more practical in recent years because of technology such as mobile payment systems, which can be used even by people who don't have bank accounts" 

"I won't try to sort out the academic debate over whether unconditional cash transfers create lasting change. Niehaus pointed me to several studies, including one in Uganda and one in Sri Lanka, that showed long-term benefits from unconditional cash transfers."

"The short-term positive effects on a multitude of outcomes can dissipate after the cessation of transfers"

"cash transfers raised prices of perishable foods in some markets (presumably by increasing demand)"


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