This paper shows how a theory-consistent demand system can be used to quantify recipient welfare under in-kind and cash transfers. Since welfare under an in-kind subsidy depends on the extent to which the transfer is extra-marginal, I compute the shadow prices at which a recipient would be as...

This paper studies the effects of cash versus in-kind transfers on child labor. Using data from a program which randomly transferred either cash or a basket of food to poor households in Mexico, I find that the cash transfer reduced children's work participation by a significantly larger margin...

This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping generation model with potentially endogenous retirement decisions, the paper shows that the type of aging, i.e. declining...

This paper analyzes the impact of demographic aging on capital accumulation and welfare in economies with unfunded pensions. Using a two-period overlapping generation model with potentially endogenous retirement decisions, it shows that both the type of aging, i.e. declining fertility or...

Stress and cognitive burden associated with poverty constrain decision-making regarding investments in the future, which can in turn perpetuate poverty. We exploit the randomized roll-out of Mali’s national cash transfer program to estimate its impact on measures of psychological and emotional...

Specialized theoretical and empirical research should in principle be embedded in a unified framework that identifies the relevant interactions among different phenomena, enables an appropriate matching of policy instruments to objectives, and grounds normative analysis in individuals' utilities...

Mit der Einführung von Arbeitslosengeld II wurde auch die behördliche Zuständigkeit für die Grundsicherung einer grundlegenden Reorganisation unterzogen. Während in der überwiegenden Mehrheit der Kommunen in Form der sogenannten Arbeitsgemeinschaften eine Mischverwaltung aus Bundesagentur...