<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><head><meta http-equiv=Content-Type content="text/html; charset=us-ascii"><meta name=Generator content="Microsoft Word 15 (filtered medium)"><style><!--
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</o:shapelayout></xml><![endif]--></head><body lang=DE-AT link="#467886" vlink="#96607D" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Dear All,<br><br>You are invited to attend the VCEE seminar on Monday, March 31, 2025, from 11:30 to 13:00 hrs Vienna time. <br><br>The seminar takes place in <b>lecture hall 5</b>, (ground floor) at Oskar-Morgenstern-Platz 1.<br><br>We will have one speaker: Oliver Hauer (University of Exeter)<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Webpage: <a href="https://www.oliverhauser.org/">https://www.oliverhauser.org/</a><br><br>Here is more information about the talk:<o:p></o:p></span></p><p style='margin:0cm'><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'>Title: </span></b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'>How Effective Is (More) Money? Randomizing Unconditional Cash Transfer Amounts in the US (with A. Jaroszewicz, J. Jachimowicz and J. Jamison)<o:p></o:p></span></p><p style='margin:0cm'><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'><o:p> </o:p></span></b></p><p style='margin:0cm'><b><span lang=EN-GB style='font-size:11.0pt;font-family:"Calibri",sans-serif;mso-fareast-language:EN-US'>Abstract:<o:p></o:p></span></b></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif;mso-ligatures:none'>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.<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif;mso-ligatures:none'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>If you are interested in meeting after the seminar (meeting slots of 30’) you can register via this link:<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><a href="https://nuudel.digitalcourage.de/GiuQzmXUz3nYyAjS">https://nuudel.digitalcourage.de/GiuQzmXUz3nYyAjS</a><o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Best regards,<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-GB style='font-family:"Calibri",sans-serif'>Sylvia<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Calibri",sans-serif'><o:p> </o:p></span></p></div></body></html>