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| dc.title | Re-thinking Social Protection: From Poverty Alleviation to Building Resilience in Middle-Income Households |
| dc.contributor.author | Vera-Cossio, Diego A. |
| dc.contributor.author | Hoffmann, Bridget |
| dc.contributor.author | Pecha, Camilo |
| dc.contributor.author | Gallego, Jorge |
| dc.contributor.author | Stampini, Marco |
| dc.contributor.author | Vargas, David |
| dc.contributor.author | Medina, María Paula |
| dc.contributor.author | Álvarez, Esteban |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | Colombia |
| dc.coverage | South America |
| dc.date.available | 2023-06-26T00:06:00 |
| dc.date.issue | 2023-06-26T00:06:00 |
| dc.description.abstract | We exploit an expansion in social protection to middle-income households to provide evidence on how middle-income households cope with economic shocks and how to build their resilience. We use a regression discontinuity design around the eligibility cutoff for a program that delivered monthly cash transfers mainly through bank accounts in Colombia. We find no impacts on food security, education, and health outcomes--the target outcomes of antipoverty programs. In contrast, program eligibility increases non-food consumption and reduces debt for routine expenses. Bank account ownership increases by 16%, and beneficiaries are more likely to borrow from formal lenders. Amid systemic and idiosyncratic shocks, the program prevents middle-income households from reducing non-food spending and acquiring debt for routine expenses. Moreover, when hit by severe shocks, beneficiary households substitute away from predatory loans. The results suggest that middle-income households are constrained by lack of insurance and that social protection can build middle-income households' resilience to shocks through both cash transfers and by integrating beneficiaries into formal credit markets. |
| dc.format.extent | 88 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0004969 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Re-thinking-Social-Protection-From-Poverty-Alleviation-to-Building-Resilience-in-Middle-Income-Households.pdf |
| dc.language.iso | en |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Conditional Cash Transfer |
| dc.subject | Transfer Program |
| dc.subject | Administrative Register |
| dc.subject | Universal Basic Income |
| dc.subject | Bank Loan |
| dc.subject | External Shock |
| dc.subject | Insurance |
| dc.subject | Economy |
| dc.subject | Income Distribution |
| dc.subject | Social Protection |
| dc.subject | Coronavirus |
| dc.subject.jelcode | I18 - Government Policy • Regulation • Public Health |
| dc.subject.jelcode | I38 - Government Policy • Provision and Effects of Welfare Programs |
| dc.subject.jelcode | O15 - Human Resources • Human Development • Income Distribution • Migration |
| dc.subject.keywords | Basic income;Insurance;Cash transfers |
| dc.type | Working Papers |
| idb.identifier.pubnumber | IDB-WP-01412 |
| idb.operation | RG-E1755 |