The Impact of Emergency Cash Assistance in a Pandemic

Experimental evidence from Colombia

This publication studies the impact of money on households during the COVID-19 pandemic.

In March 2020, Colombia rolled out a new unconditional cash transfer (UCT) to one million households in poverty worth $19 and paid every five to eight weeks. Using a randomized control trial, and linked administrative and survey data, the study found that UCT had modest, but positive effects on measures of household well-being (e.g., financial health, food access). Moreover, the UCT boosted support for emergency assistance to households and firms during the crisis and promoted social cooperation.

About this Publication

By Juliana Londoño-Vélez & Pablo Querubin