Subjective Well-being, Risk Perceptions and Time Discounting: Evidence from a large-scale cash transfer programme

Subjective Well-being, Risk Perceptions and Time Discounting: Evidence from a large-scale cash transfer programme

AUTHOR(S)
Bruno Martorano; Sudhanshu Handa; Carolyn Halpern; Harsha Thirumurthy

Published: 2014 Innocenti Working Papers
The risk and time preferences of individuals as well as their subjective expectations regarding the future are likely to play an important role in choice behaviour. Measurement of these individual characteristics in large-scale surveys has been a recent development and empirical evidence on their associations with behaviour remains limited. We summarize the results of measuring individuals’ attitudes towards inter-temporal choice, risk, and the future in a large-scale field survey in Kenya. We find very low rates of inconsistency in interpreting questions on time and risk preferences. Cash transfers alone do not appear to impact time discounting or risk aversion, but they do have an important impact on subjective well-being measures and on future perceptions of quality of life.
Social Transfers and Child Protection

Social Transfers and Child Protection

AUTHOR(S)
Armando Barrientos; Jasmina Byrne; Juan Miguel Villa; Paola Peña

Published: 2013 Innocenti Working Papers
The paper assesses the available evidence on the potential effects of social transfers on child protection outcomes in low- and middle-income countries: the negative outcomes or damaging exposure of children to violence, exploitation, abuse and neglect, and improved outcomes or a reduction in exposure to these phenomena. The study identifies and evaluates three possible channels through which social transfers can influence child protection outcomes: direct effects observed where the objectives of social transfers are explicit chid protection outcomes; indirect effects where the impact of social transfers on poverty and exclusion leads to improved child protection outcomes; and potential synergies in implementation of social transfers and child protection. It also discusses how the design and implementation of social transfers can contribute to improved child protection outcomes.

A revised version of this report was published in the Children and Youth Services Review
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