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 … transactional anonymity. In poor neighborhoods where street offenses are concentrated, a significant source of circulating cash …

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 …

-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 …

State and federal reforms of the 1990s transformed the U.S. cash assistance program for single parents and their …

Welfare reform has transformed the U.S. cash assistance program for single parents and their children. Although there …

, and lead agents to become risk-loving. Using experimental cash grants involving a choice between a safer, low payoff and a …

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 …

The 2020 CARES Act directed large cash payments to households. We analyze house-holds' spending responses using high …