G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w26600
来源IDWorking Paper 26600
General Equilibrium Effects of Cash Transfers: Experimental Evidence from Kenya
Dennis Egger; Johannes Haushofer; Edward Miguel; Paul Niehaus; Michael W. Walker
发表日期2019-12-30
出版年2019
语种英语
摘要How large economic stimuli generate individual and aggregate responses is a central question in economics, but has not been studied experimentally. We provided one-time cash transfers of about USD 1000 to over 10,500 poor households across 653 randomized villages in rural Kenya. The implied fiscal shock was over 15 percent of local GDP. We find large impacts on consumption and assets for recipients. Importantly, we document large positive spillovers on non-recipient households and firms, and minimal price inflation. We estimate a local transfer multiplier of 2.4. We interpret welfare implications through the lens of a simple household optimization framework.
主题Macroeconomics ; Fiscal Policy ; Public Economics ; Taxation ; Development and Growth ; Development ; Regional and Urban Economics ; Regional Economics
URLhttps://www.nber.org/papers/w26600
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/584274
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Dennis Egger,Johannes Haushofer,Edward Miguel,et al. General Equilibrium Effects of Cash Transfers: Experimental Evidence from Kenya. 2019.
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