Social Protection and Economic Development: Are the Poorest Being Lifted-Up or Left-Behind?
---- Acknowledgments ----
For their comments and discussions on this topic, the authors are grateful to Abhijit Banerjee, François Bourguignon, Christelle Dumas, Martin Huber, Nora Lustig, Karen Macours, Thomas Piketty, François Roubaud, Sylvie Lambert, Dominique van de Walle and seminar participants at the Paris School of Economics and the University of Fribourg, Switzerland. These are the views of the authors and need not reflect those of their employers including the World Bank. Beyond the salary of one of the authors, no financial support for this research was received from the World Bank, or any other organization. This paper was written while the first author was on sabbatical leave at the Paris School of Economics. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.