Large RCT finds that giving poor people cash does.... absolutely nothing for their wellbeing. That's a big surprise!
Replying to @jonj
Turning to SURVEY outcomes (financial and psychological well-being, cognitive capacity, health), here comes the big (& based on prediction study, surprising) takeaway: We find NO positive effect of cash—if anything, in some prespecified analyses, we even see negative effects. 6/
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Truly wild y'all, they found that giving poor Americans cash actually made their subjective wellbeing WORSE!
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Replying to @lymanstoneky
But it seems worth testing the theory that the difference between one-time transfers and regular transfers is important.

Jul 5, 2022 · 5:07 PM UTC

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They're on it:
possibly — we’ll find out in our ongoing study testing $500/month for 18 months, with results in fall 2023