Where does the money go? Assessing the expenditure and income effects of the Philippines' Conditional Cash Transfer Program

Stella Luz Quimbo (), Joseph Capuno, Aleli Kraft, Rhea Molato and Carlos Tan
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Aleli Kraft: School of Economics, University of the Philippines Diliman
Rhea Molato: School of Economics, University of the Philippines Diliman
Carlos Tan: School of Economics, University of the Philippines Diliman

No 201502, UP School of Economics Discussion Papers from University of the Philippines School of Economics

Abstract: Evaluation studies on conditional cash transfers (CCT) in the Philippines found small if not insignificantly different from zero effects on household consumption. We use propensity score matching to examine how recipients made use of the money they received, taking into account possible changes in recipient behavior. We find evidence of crowding in—CCT households receive higher transfers from other domestic sources as a positive spillover from becoming CCT beneficiaries Poor CCT households tend to lower their dissavings while non-poor beneficiaries become less indebted. We also find evidence of lower income, lower wages, and lower work-related expenses.

Keywords: Conditional cash transfers; household income and consumption; Philippines (search for similar items in EconPapers)
JEL-codes: D12 H53 I38 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2015-02
New Economics Papers: this item is included in nep-dev and nep-sea
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Published as UPSE Discussion Paper No. 2015-02, February 2015

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