The impact of cash transfers on subjective well-being and mental health
Authors: Joel McGuire, Anders Malthe Bach-Mortensen, Caspar Kaiser
Despite the growing interest in using subjective well-being (SWB) to inform policy, relatively little work has been done to synthesise the existing body of research. We will assess the impact of various micro-interventions on SWB in low-resource settings, providing insight to policy-makers, NGOs and other decision-makers. Cash transfers are among the most extensively studied and implemented interventions in low- and middle-income countries (LMICs), yet little is known about their impact on individuals’ well-being.
Further, there is an ongoing decades-old debate about whether increases in a country’s gross domestic product per capita result in increased average SWB. Cash transfers provide an opportunity to measure the causal effect of income on happiness.
As the first stage of the project, we are conducting a systematic review, in collaboration with social scientists at Oxford University.
The Happier Lives Institute (“HLI”) is operating through a fiscal sponsorship with Players Philanthropy Fund (Federal Tax ID: 27-6601178), a Maryland charitable trust with federal tax-exempt status as a public charity under Section 501(c)(3) of the Internal Revenue Code. Contributions to HLI are tax-deductible to the fullest extent of the law.