The multiplier effects of cash transfers are receiving renewed attention globally. The existence of multipliers-or the generation of additional dollars for every one dollar injected as cash transfers-illuminates new aspects of the impacts of social assistance and holds the potential to redefine...

A growing impact evaluation literature on antipoverty transfer programmes in low‐ and middle‐income countries measures changes in utilitarian terms, at their unit value. The paper argues that valuing antipoverty transfers is more appropriately done within a framework of prioritarian social...