GENERAL EQUILIBRIUM EFFECTS OF CASH TRANSFERS IN KENYA 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

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Stefan Dercon

CSAE Director and Professor of Economic Public Policy
University of Oxford

Dennis Egger

Associate Professor of Economics
University of Oxford

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".

Department of Economics, University of Oxford news webpage

Article about Dennis Egger winning Frisch Medal Award 2024

ECMA files

Supplementary material published for public use, including replication files.

Slides on paper

PDF of a slide deck on the paper.