Publication:
The Macroeconomic Effects of Cash Transfers: Evidence from Brazil

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dc.contributor.authorMendes, Arthur
dc.contributor.authorMiyamoto, Wataru
dc.contributor.authorNguyen, Thuy Lan
dc.contributor.authorPennings, Steven
dc.contributor.authorFeler, Leo
dc.date.accessioned2023-12-21T19:08:02Z
dc.date.available2023-12-21T19:08:02Z
dc.date.issued2023-12-21
dc.description.abstractAbstract amended in January 2024: This paper provides new evidence on the macroeconomic impact of cash transfers in developing countries. Using a Bartik-style identification strategy, the paper documents that Brazil’s Bolsa Familia transfer program leads to a large and persistent increase in relative state-level GDP, formal employment, and informal employment. A state receiving 1% of GDP in extra transfers grows 2.2ppts faster in the first year, with R$100,000 of extra transfers generating five formal- equivalent jobs, half of which are informal. Consistent with a demand-side mechanism, the effects are concentrated in non-tradable sectors. However, an open-economy New Keynesian model only partially captures the high multipliers estimated.en
dc.identifierhttp://documents.worldbank.org/curated/en/099423212192325062/IDU0b5ff3e100c9200420b0895604c04fc38e0af
dc.identifier.doi10.1596/1813-9450-10652
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40796
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; 10652
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectMIGRATION
dc.subjectFAMILY FORMATION
dc.subjectCOUNTERFACTUAL REASONING
dc.subjectSTATUS QUO BIAS
dc.subjectREMITTANCES
dc.titleThe Macroeconomic Effects of Cash Transfersen
dc.title.subtitleEvidence from Brazilen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleThe Macroeconomic Effects of Cash Transfers: Evidence from Brazil
okr.date.disclosure2023-12-19
okr.date.doiregistration2025-04-12T02:22:28.850877Z
okr.date.lastmodified2023-12-19T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099423212192325062/IDU0b5ff3e100c9200420b0895604c04fc38e0af
okr.guid099423212192325062
okr.identifier.docmidIDU-b5ff3e10-c920-420b-8956-4c04fc38e0af
okr.identifier.doi10.1596/1813-9450-10652
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10652
okr.identifier.externaldocumentum34219051
okr.identifier.internaldocumentum34219051
okr.identifier.reportWPS10652
okr.import.id2661
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099423212192325062/pdf/IDU0b5ff3e100c9200420b0895604c04fc38e0af.pdfen
okr.region.countryBrazil
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.topicSocial Protections and Labor::Safety Nets and Transfers
okr.topicPoverty Reduction::Services & Transfers to Poor
okr.topicPoverty Reduction::Employment and Shared Growth
okr.unitDECRG: Macroeconomics & Growth (DECMG)
relation.isAuthorOfPublication83daf4e9-5061-5f1f-b16b-68116394433c
relation.isAuthorOfPublication.latestForDiscovery83daf4e9-5061-5f1f-b16b-68116394433c
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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