MARC Record from Library of Congress

LEADER: 02276cam a22003257a 4500
001 2006618443
003 DLC
005 20060821112927.0
007 cr |||||||||||
008 060821s2006 dcu sb i000 0 eng
010 $a 2006618443
040 $aDLC$cDLC
043 $an-mx---
050 00 $aHG3881.5.W57
100 1 $aGertler, Paul,$d1955-
245 10 $aInvesting cash transfers to raise long term living standards$h[electronic resource] /$cPaul Gertler, Sebastian Martinez, Marta Rubio-Codina.
260 $a[Washington, D.C. :$bWorld Bank,$c2006]
490 1 $aPolicy research working paper ;$v3994
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 8/21/2006.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"The authors test whether poor households use cash transfers to invest in income generating activities that they otherwise would not have been able to do. Using data from a controlled randomized experiment, they find that transfers from the Oportunidades program to households in rural Mexico resulted in increased investment in micro-enterprise and agricultural activities. For each peso transferred, beneficiary households used 88 cents to purchase consumption goods and services, and invested the rest. The investments improved the household's ability to generate income with an estimated rate of return of 17.55 percent, suggesting that these households were both liquidity and credit constrained. By investing transfers to raise income, beneficiary households were able to increase their consumption by 34 percent after five and a half years in the program. The results suggest that cash transfers to the poor may raise long-term living standards, which are maintained after program benefits end. "--World Bank web site.
650 0 $aTransfer payments$zMexico.
651 0 $aMexico$xRural conditions.
700 1 $aMartínez, Sebastián.
710 2 $aWorld Bank.
830 0 $aPolicy research working papers (Online) ;$v3994.
856 40 $uhttp://econ.worldbank.org/external/default/main?pagePK=64165259&theSitePK=469382&piPK=64165421&menuPK=64166093&entityID=000016406_20060810124348