GENERAL EQUILIBRIUM EFFECTS OF CASH TRANSFERS IN KENYA (FRISCH MEDAL 2024 WINNER) PODCAST
EPISODE ELEVEN
How large economic stimuli generate individual and aggregate responses is a central question in economics but has not been studied experimentally. Working with the NGO GiveDirectly, this project examined the impact of a one-time cash transfers of about USD 1000 to over 10,500 poor households across 653 randomised villages in rural Kenya, on the individual households but also the community at large. The research paper produced from this project was published in Econometrica and won the Frisch Medal Award 2024.
Project location: Kenya Read the transcript Published 28 August 2024
SPEAKERS
Stefan Dercon
CSAE Director and Professor of Economic Public Policy
University of Oxford
Dennis Egger
University of Oxford
FIND OUT MORE ABOUT THE PROJECT
Econometrica Paper
General Equilibrium Effects of Cash Transfers: Experimental Evidence from Kenya
Dennis Egger, Johannes Haushofer, Edward Miguel, Paul Niehaus, Michael Walker
Econometrica, Volume 90, Issue 06, November 2022
Frisch Medal Award 2024
First awarded in 1978, the Frisch Medal is presented biennially for the best applied (empirical or theoretical) paper published in Econometrica in any of the previous four calendar years.
The 2024 Medal was awarded to Dennis Egger, Johannes Haushofer, Edward Miguel, Paul Niehaus, and Michael Walker for their paper, "General equilibrium effects of cash transfers: experimental evidence from Kenya".