Gadenne, Lucie; Norris, Samuel; Singhal, Monica; … - 2022
In-kind transfers can provide insurance benefits when prices of consumption goods vary, as is common in developing … countries. We develop a model demonstrating that in-kind transfers are welfare improving to beneficiaries relative to cash if … utility proxy, we find that in-kind transfers are preferred for low-income Indian households. Expansions in India's flagship …