TY - JOUR
T1 - THE IMPACT OF EMERGENCY CASH ASSISTANCE IN A PANDEMIC
T2 - EXPERIMENTAL EVIDENCE FROM COLOMBIA
AU - Londoño-Vélez, Juliana
AU - Querubín, Pablo
N1 - Publisher Copyright:
© 2020 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.
PY - 2022/1/6
Y1 - 2022/1/6
N2 - We study the impact of money on households during the COVID-19 pandemic. In March 2020, Colombia rolled out a new unconditional cash transfer (UCT) to 1 million households in poverty worth US$19 (PPP US$55.6) and paid every five to eight weeks. Using a randomized control trial and linked administrative and survey data, we find the UCT had positive (albeit modest) effects on measures of household well-being (e.g., financial health, food access). Moreover, the UCT boosted support for emergency assistance to households and firms during the crisis and promoted social cooperation. Finally, we explore the bottlenecks in expanding mobile money during a pandemic.
AB - We study the impact of money on households during the COVID-19 pandemic. In March 2020, Colombia rolled out a new unconditional cash transfer (UCT) to 1 million households in poverty worth US$19 (PPP US$55.6) and paid every five to eight weeks. Using a randomized control trial and linked administrative and survey data, we find the UCT had positive (albeit modest) effects on measures of household well-being (e.g., financial health, food access). Moreover, the UCT boosted support for emergency assistance to households and firms during the crisis and promoted social cooperation. Finally, we explore the bottlenecks in expanding mobile money during a pandemic.
UR - http://www.scopus.com/inward/record.url?scp=85122796214&partnerID=8YFLogxK
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U2 - 10.1162/rest_a_01043
DO - 10.1162/rest_a_01043
M3 - Article
AN - SCOPUS:85122796214
SN - 0034-6535
VL - 104
SP - 157
EP - 165
JO - Review of Economics and Statistics
JF - Review of Economics and Statistics
IS - 1
ER -