@misc{33417,
title = {Research Insights: What Are the Effects of Cash Transfer Programs on Vulnerable Middle-Income Households?},
author = {Álvarez, Esteban and Gallego, Jorge and Hoffmann, Bridget and Medina, María Paula and Pecha, Camilo and Stampini, Marco and Vargas, David and Vera-Cossio, Diego A.},
year = {2023},
doi = {10.18235/0004801},
abstract = {Monthly cash transfers delivered to vulnerable middle-income households in Colombia increase per capita income, but the effects on spending appear small and related to nonfood spending. Cash transfers have a large impact when beneficiary households experience severe economic shocks, suggesting lack of insurance as a major constraint affecting non-poor but vulnerable households. By encouraging the adoption of digital saving accounts, the program also increased access to formal credit.},
url = {https://doi.org/10.18235/0004801}
}