Updated: Sun, 10/06/2024 - 10:30

From Saturday, Oct. 5 through Monday, Oct. 7, the Downtown and Macdonald Campuses will be open only to McGill students, employees and essential visitors. Many classes will be held online. Remote work required where possible. See Campus Public Safety website for details.

Du samedi 5 octobre au lundi 7 octobre, le campus du centre-ville et le campus Macdonald ne seront accessibles qu’aux étudiants et aux membres du personnel de l’Université McGill, ainsi qu’aux visiteurs essentiels. De nombreux cours auront lieu en ligne. Le personnel devra travailler à distance, si possible. Voir le site Web de la Direction de la protection et de la prévention pour plus de détails.

Event

Johannes Haushofer (Princeton), “General equilibrium effects of cash transfers: experimental evidence from Kenya”

Monday, January 20, 2020 16:00to17:30

Leacock Building Leacock 927, 855 rue Sherbrooke Ouest, Montreal, QC, H3A 2T7, CA

Johannes Haushofer (Princeton)
Date: January 20, 2020
Time and Location: 4:00 p.m., Leacock 927

Abstract:
How large economic stimuli generate individual and aggregate responses is a central question in economics, but has not been studied experimentally. We provided one-time cash transfers of about USD 1000 to over 10,500 poor households across 653 randomized villages in rural Kenya. The implied fiscal shock was over 15 percent of local GDP. We find large impacts on consumption and assets for recipients. Importantly, we document large positive spillovers on non-recipient households and firms, and minimal price inflation. We estimate a local fiscal multiplier of 2.7. We interpret welfare implications through the lens of a simple household optimization framework.

Category:

Dept. of Economics

Tags:

Departmental Seminar

Graduate Students

Last updated:

Fri, 01/17/2020 - 15:19

Source Site:

Back to top