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AUTHOR(S)

Sudhanshu Handa, Bruno Martorano, Carolyn T. Halpern, Harsha Thirumurthy, Audrey Pettifor

DETAIL(S)

Journal of African Economies, June 2016, vol. 25 (3), pp. 367-387.

ABSTRACT

Time discounting is thought to influence decision-making in almost every sphere of life, including personal finances, diet, exercise and sexual behaviour. In this article, we provide evidence on whether a national poverty alleviation programme in Kenya can affect inter-temporal decisions. We administered a preferences module as part of a large-scale impact evaluation of the Kenyan Government's Cash Transfer for Orphans and Vulnerable Children. Four years into the programme, we find that individuals in the treatment group are only marginally more likely to wait for future money, due in part to the erosion of the value of the transfer by inflation. However, among the poorest households for whom the value of transfer is still relatively large we find significant programme effects on the propensity to wait. We also find strong programme effects among those who have access to credit markets though the programme itself does not improve access to credit.
LANGUAGE:
English
SOURCE: VIEW ARTICLE

LIBRARY RECORD

JOURNAL TITLEJournal of African Economies
YEAR2016
VOLUME25
No. 3
PAGE(S)367-387
SOURCEVIEW ARTICLE
DESCRIPTORSCash transfers
Time factor
Project evaluation
GEO DESCRIPTORSKenya
RESEARCH PROJECT(S) Social protection - cash transfers
PEER REVIEWEDYES