very poor. This paper presents evidence that a cash transfer project in rural Niger induced investments in assets and … particular, on whether cash transfers can foster productive investments in addition to raising immediate consumption among the …

beneficiaries of a multiyear government cash transfer program in rural Niger are better able to mitigate the welfare effects of … drought shocks. It analyzes mechanisms through which cash transfers contribute to resilience, such as savings facilitation … increase savings. They also help households protect earnings in agriculture and off-farm businesses when shocks occur. Few …