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Is the Magic Happening?: A Systematic Literature Review of the Economic Multiplier of Cash Transfers

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dc.contributor.authorGassmann, Franziska
dc.contributor.authorGentilini, Ugo
dc.contributor.authorMorais, Julieta
dc.contributor.authorNunnenmacher, Conrad
dc.contributor.authorOkamura, Yuko
dc.contributor.authorBordon, Guilio
dc.contributor.authorValleriani, Giorgia
dc.date.accessioned2023-07-31T17:00:58Z
dc.date.available2023-07-31T17:00:58Z
dc.date.issued2023-07-31
dc.description.abstractThe 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 how “fiscal sustainability” is generally interpreted. However, multipliers also attract questions: are multipliers real and tangible? How are multipliers estimated? What method might be more suitable than others in different contexts? What does the evidence reveal about those effects? This paper briefly summarizes emerging findings from existing literature on low- and middle-income countries, including a total of 23 studies. The paper discusses the main estimation methods, such as social accounting matrix and econometric techniques; presents results on multipliers across studies; and draws lessons for future research and practice.en
dc.identifierhttp://documents.worldbank.org/curated/en/099452507272341291/IDU03fcef4630f1c60401209a260398108681817
dc.identifier.doi10.1596/1813-9450-10529
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40113
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10529
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectMULTIPLIER
dc.subjectEXTERNALITIES
dc.subjectSPILLOVER EFFECT
dc.subjectFISCAL POLICY
dc.subjectLOCAL ECONOMY
dc.subjectRETURN
dc.subjectSOCIAL PROTECTION
dc.subjectSOCIAL ASSISTANCE
dc.subjectSAFETY NET
dc.subjectCASH TRANSFER
dc.subjectPOVERTY ALLEVIATION
dc.subjectSOCIAL ACCOUNTING MATRIX
dc.titleIs the Magic Happening?en
dc.title.subtitleA Systematic Literature Review of the Economic Multiplier of Cash Transfersen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleIs the Magic Happening?: A Systematic Literature Review of the Economic Multiplier of Cash Transfers
okr.date.disclosure2023-07-27
okr.date.lastmodified2023-07-27T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099452507272341291/IDU03fcef4630f1c60401209a260398108681817
okr.guid099452507272341291
okr.identifier.docmidIDU-3fcef463-f1c6-4012-9a26-398108681817
okr.identifier.doi10.1596/1813-9450-10529
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10529
okr.identifier.externaldocumentum34125359
okr.identifier.internaldocumentum34125359
okr.identifier.reportWPS10529
okr.import.id1315
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099452507272341291/pdf/IDU03fcef4630f1c60401209a260398108681817.pdfen
okr.topicPoverty Reduction::Conditional Cash Transfers
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicFinance and Financial Sector Development::Financial Sector and Social Assistance
okr.topicGender::Gender and Social Policy
okr.unitSocial Protection & Labor Global (HSPGE)
relation.isAuthorOfPublication5b882b4e-e7db-5ba6-862e-19befdb38548
relation.isAuthorOfPublication.latestForDiscovery5b882b4e-e7db-5ba6-862e-19befdb38548
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