-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 …

early 1900s had significant impact on labor markets, economic activity, family formation, death rates, and crime …

is higher for consumers that took cash advances, a proxy for low financial sophistication. Relative to a counterfactual …

. Moreover, in these municipalities: i) newspapers were more likely to report crime news involving pardoned individuals; ii …) voters held worse beliefs on the incumbent national government's ability to control crime and iii) with respect to the …