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Asset Transfers and Anti-Poverty Programs

其他書名	Experimental Evidence from Tanzania
出版	World Bank, 2022
URL	http://books.google.com.hk/books?id=s8ndzwEACAAJ&hl=&source=gbs_api

註釋We use a set of randomized experiments to examine the impact of a group business development program implemented by the Tanzanian government, along with a set of complementary training and cash transfer interventions. In contrast with much of the recent literature, we find little effect of the business development program. While most enterprises remain operative three years after formation, even our highest estimates of effective wage rates suggest returns roughly equivalent to the opportunity cost of time. Trainings on business skills and group transparency did not improve outcomes, although they appear to have exerted a redistributive effect. Unconditional and unanticipated lump-sum cash transfers to randomly selected members of these groups induce all members to invest more in the enterprise, with seemingly little to no return on these marginal investments. Our results emphasize the importance of profitability as the key motivation for asset transfer-based social protection programs.