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There’s a fundamental question in economics that’s hard to answer: What’s a good way to lift people out of poverty? The traditional approach is to fund programs that support very specific things, like buying cows for a village, giving people business training, or building a school.
But in the past few decades, a new idea has emerged: Can you help people who don’t have money by… giving them money? American Life Initially run on 2013. Economists who have studied the issue have found Giving people cash will have a positive impact on the recipients’ financial and psychological well-being. Maybe they’ll buy a cow and earn money every week. Maybe they’ll replace their grass roof with a metal roof so they don’t have to repair it as often.
The success of simply giving cash to the poor has raised a host of new questions that economists are now trying to answer. For example, if we really do just give cash, what is the best way to do it? Should we give it all at once? Or in installments? It turns out that… A large new study The policy on cash donations has just been released and it provides many answers.
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This show is hosted by Dave Blanchard and Amanda Aronczyk. The reporting in the first part of this show was originally written by Jacob Goldstein and David Kestenbaum for This American Life. Our show today is produced by Emma Peaslee. Jess Jiang is in charge of editing, Sierra Juarez is in charge of fact checking, and Cena Loffredo is in charge of planning. Alex Goldmark is the executive producer of Planet Money.
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Music: NPR Source Audio – “Race to Nowhere,” “Spanish Fruit,” and “Spanish Fire”
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