Cash transfers are a major anti-poverty tool, reaching 400 million poor households around the world. While there may be no more direct means to reduce poverty than providing cash, even this straightforward intervention can carry unintended consequences that undermine its intended goal. In this Policy Research Talk delivered on December 11, 2019, World Bank economist Eeshani Kandpal presented new research showing that cash transfers can generate significant negative spillovers for nonbeneficiaries.
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