[VCEE Seminar] VCEE Seminar with Oliver Hauser - Invitation, March 31

[Mailing list of the VCEE seminar series]

Dear All,

You are invited to attend the VCEE seminar on Monday, March 31, 2025, from
11:30 to 13:00 hrs Vienna time. 

The seminar takes place in lecture hall 5, (ground floor) at
Oskar-Morgenstern-Platz 1.

We will have one speaker: Oliver Hauer (University of Exeter)

Webpage:  https://www.oliverhauser.org/

Here is more information about the talk:

Title: How Effective Is (More) Money? Randomizing Unconditional Cash
Transfer Amounts in the US (with A. Jaroszewicz, J. Jachimowicz and J.
Jamison)

 

Abstract:

We randomized 5,243 US individuals in poverty to receive a one-time
unconditional cash transfer (UCT) of $2,000 (two months' worth of total
household income for the median participant), $500 (half a month's income),
or nothing. We measured the effects of the UCTs on participants' financial
well-being, psychological well-being, cognitive capacity, and physical
health through surveys administered one week, six weeks, and 15 weeks later.
While bank data show that both UCTs increased expenditures, we find no
evidence that (more) cash had positive impacts on our pre-specified survey
outcomes, in contrast to the incentivized predictions of both experts and a
nationally representative sample of laypeople. We test several explanations
for these unexpected results, including via two sub-experiments embedded in
our trial. The data are most consistent with the notion that receiving some
but not enough money made participants' (unmet) needs more salient, which
caused distress. We develop a model to illustrate how receiving cash can
sometimes also highlight its absence.

 

If you are interested in meeting after the seminar (meeting slots of 30')
you can register via this link:

https://nuudel.digitalcourage.de/GiuQzmXUz3nYyAjS

 

Best regards,

Sylvia

 

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