Research Insights: What Are the Effects of Cash Transfer Programs on Vulnerable Middle-Income Households?
Monthly cash transfers delivered to vulnerable middle-income households in Colombia increase per capita income, but the effects on spending appear small and related to nonfood spending. Cash transfers have a large impact when beneficiary households experience severe economic shocks, suggesting lack of insurance as a major constraint affecting non-poor but vulnerable households. By encouraging the adoption of digital saving accounts, the program also increased access to formal credit.
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| Language: | English |
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Inter-American Development Bank
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| Subjects: | Conditional Cash Transfer, Transfer Program, Poverty, Remittance, Universal Basic Income, Per Capita Income, Housing Market, Education Expenditure, Coronavirus, Social Protection, Housing, Household Income, Education, Bank Loan, H55 - Social Security and Public Pensions, H84 - Disaster Aid, I15 - Health and Economic Development, I38 - Government Policy • Provision and Effects of Welfare Programs, |
| Online Access: | http://dx.doi.org/10.18235/0004801 https://publications.iadb.org/en/research-insights-what-are-effects-cash-transfer-programs-vulnerable-middle-income-households |
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