Articlegreen2021

The Impact of Emergency Cash Assistance in a Pandemic: Experimental Evidence from Colombia

76 citations0/0 files storedThe Review of Economics and Statistics

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Poverty, Education, and Child Welfare Microfinance and Financial Inclusion Agricultural risk and resilience

Abstract

We study the impact of money on households during the COVID-19 pandemic. In March 2020, Colombia rolled out a new unconditional cash transfer (UCT) to 1 million households in poverty worth US$19 (PPP US$55.6) and paid every five to eight weeks. Using a randomized control trial and linked administrative and survey data, we find the UCT had positive (albeit modest) effects on measures of household well-being (e.g., financial health, food access). Moreover, the UCT boosted support for emergency assistance to households and firms during the crisis and promoted social cooperation. Finally, we explore the bottlenecks in expanding mobile money during a pandemic.

Citations in this library

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References

2008Multiple Inference and Gender Differences in the Effects of Early Intervention: A Reevaluation of the Abecedarian, Perry Preschool, and Early Training Projects 2009Conditional Cash Transfers 2016The long-run poverty and gender impacts of mobile money 2020Social Protection and Jobs Responses to COVID-19: A Real-Time Review of Country Measures 2015Does Africa Need a Rotten Kin Theorem? Experimental Evidence from Village Economies 2018Universal Basic Incomes versus Targeted Transfers: Anti-Poverty Programs in Developing Countries 2017Mobile Money 2018Mobile Money and the Economy: A Review of the Evidence

Cited by

2022How Effective Is (More) Money? Randomizing Unconditional Cash Transfer Amounts in the US 2021Stepping up during a crisis: The unintended effects of a noncontributory pension program during the Covid-19 pandemic 2023Electronic Food Vouchers: Evidence from an At-Scale Experiment in Indonesia 2022Cash transfers as a response to COVID-19: Experimental evidence from Kenya 2022Cash, COVID-19 and aid cuts: a mixed-method impact evaluation among South Sudanese refugees registered in Kiryandongo settlement, Uganda

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