Investing Cash Transfers to Raise Long-Term Living Standards

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dc.creatorRubio-Codina, Marta
dc.creatorGertler, Paul
dc.creatorMartinez, Sebastian
dc.date2012-06-26T20:57:06Z
dc.date2012-06-26T20:57:06Z
dc.date2006-08
dc.date.accessioned2026-07-01T01:02:05Z
dc.descriptionThe authors test whether poor households use cash transfers to invest in income generating activities that they otherwise would not have been able to do. Using data from a controlled randomized experiment, they find that transfers from the Oportunidades program to households in rural Mexico resulted in increased investment in micro-enterprise and agricultural activities. For each peso transferred, beneficiary households used 88 cents to purchase consumption goods and services, and invested the rest. The investments improved the household's ability to generate income with an estimated rate of return of 17.55 percent, suggesting that these households were both liquidity and credit constrained. By investing transfers to raise income, beneficiary households were able to increase their consumption by 34 percent after five and a half years in the program. The results suggest that cash transfers to the poor may raise long-term living standards, which are maintained after program benefits end.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2006/08/6984762/investing-cash-transfers-raise-long-term-living-standards
dc.identifierhttps://hdl.handle.net/10986/9293
dc.identifierhttps://doi.org/10.1596/1813-9450-3994
dc.identifier.urihttp://hdl.handle.net/123456789/414485
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 3994
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGRICULTURE
dc.subjectASSETS
dc.subjectCAPITA CONSUMPTION
dc.subjectCOMMUNITY LEVEL
dc.subjectCONSUMPTION DATA
dc.subjectCONSUMPTION LEVEL
dc.subjectCONSUMPTION LEVELS
dc.subjectCONSUMPTION MODEL
dc.subjectECONOMIC SURVEY
dc.subjectFIXED COSTS
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD SIZE
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME DATA
dc.subjectLAND USE
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARDS
dc.titleInvesting Cash Transfers to Raise Long-Term Living Standards

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