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Can money buy happiness?

Iti Bhargava

No eutwb, SocArXiv from Center for Open Science

Abstract: This paper evaluates the impact of unconditional transfers on an individual’s psychological well-being. Based on a randomized experiment conducted in Kenya, 50 villages in Rarieda received unconditional cash transfers. The variables of interest were consumption expenditure, spending on temptation goods, education expenses, assets and investments, and psychological well-being. Through this paper, I further examine the factors that lead to an increase in psychological well-being. According to my analysis, an unconditional cash transfer is agnostic to the initial level of well-being.

Date: 2022-04-16
New Economics Papers: this item is included in nep-exp and nep-hap
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:eutwb

DOI: 10.31219/osf.io/eutwb

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