NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Munenobu Ikegami

International Livestock Research Institute
Nairobi, Kenya

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NBER Working Papers and Publications

June 2017Poverty Traps and the Social Protection Paradox
with Michael R. Carter, Christopher B. Barrett, Sarah Janzen
in The Economics of Poverty Traps, Christopher B. Barrett, Michael R. Carter, and Jean-Paul Chavas, editors
October 2016Poverty Traps and the Social Protection Paradox
with Michael R. Carter, Christopher B. Barrett, Sarah A. Janzen: w22714
Progressively targeted cash transfers remain the dominant policy response to chronic poverty in developing countries. But are there alternative social protection policies that might have larger poverty impacts over time for the same public expenditure? To explore this question, this paper develops a dynamic stochastic model of of consumption and asset accumulation by households that confront a non-convex production technology and face missing financial markets. The model demonstrates that a hybrid social protection policy, which devotes resources to funding “state of the world contingent transfers” (SWCTs) to vulnerable, but non-poor households in the wake of negative shocks, can result in lower rates of poverty in the medium term than does a conventional cash transfer policy. We also expl...

Forthcoming: Poverty Traps and the Social Protection Paradox, Munenobu Ikegami, Michael R. Carter, Christopher B. Barrett, Sarah Janzen. in The Economics of Poverty Traps, Barrett, Carter, and Chavas. 2017

 
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