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It has been long recognized that cash plays a critical role in fueling street crime due to its liquidity and … circulation of cash on the streets associated with EBT implementation had an effect on crime. To address this question, we exploit … crime that is unlikely to be motivated by the acquisition of cash. Interestingly, the significant drop in crime in the …
Persistent link: https://www.econbiz.de/10012458668
-scale, multi-site randomized controlled study of monthly unconditional cash transfers starting at the time of a child's birth. We … find that the cash transfers increased spending on child-specific goods and mothers' early-learning activities with their … infants. The marginal propensity to consume child-focused items from the cash transfer exceeded that from other income …
Persistent link: https://www.econbiz.de/10013362033
, and lead agents to become risk-loving. Using experimental cash grants involving a choice between a safer, low payoff and a …
Persistent link: https://www.econbiz.de/10012938742
In response to the Covid-19 crisis, 186 countries implemented direct cash transfers to households, and 181 introduced … in-kind programs that lowered the cost of utilities such as electricity, water, transport, and mobile money. Do cash or … line with economic theory favoring direct cash transfers, in a randomized experiment in Kenya 95% of urban recipients …
Persistent link: https://www.econbiz.de/10012599376
The 2020 CARES Act directed large cash payments to households. We analyze house-holds' spending responses using high …
Persistent link: https://www.econbiz.de/10012481681
We assess long-term impacts of the Mexican conditional cash transfer (CCT) program on youth employment and earnings. We …
Persistent link: https://www.econbiz.de/10012453466
It is difficult for private agents to produce money that circulates at par with no questions asked. We study two cases of privately-produced money: pre-Civil War U.S. private banknotes and modern stablecoins. Private monies are introduced when there are no better alternatives, but they initially...
Persistent link: https://www.econbiz.de/10012814485
How far did antebellum bank notes travel? Up to now, we did not know. Using previously overlooked data on interbank holdings of bank notes and the records of a small-time note broker, I find that most bank notes circulated within about 50 miles of the issuing banks. Few notes were observed from...
Persistent link: https://www.econbiz.de/10014437017