The Importance of Cash Transfers in the Development of Nations

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I think the idea of cash transfers obviously tries to address some of this concern about all this heterogeneity. Be an example here would be interventions that try to help people become entrepreneurs in the developing world. Being an entrepreneur could be anything from like weave baskets and sell them to make bricks, right? So there's no answer to that. Like you have to look at the details of the case and try to understand what that means in that context.

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Can giving people a sense of agency and dignity be better than giving them access to food, shelter, clothing, or cash? And what exactly can be done in practice to expand human agency? How does the value of agency-oriented interventions compare to the value of more tangible interventions? How robust are the findings about all of the above in light of the replication crisis? In general, how much confidence should we place (with or without the replication crisis) in the findings of social science research? How tight should the feedback loop be for organizations that do both research for and implementation of charitable interventions?

Richard Sedlmayr works with a private foundation called the Wellspring Philanthropic Fund, where he funds research and innovation to promote pro-poor economic development. He is also involved in the setup of The Agency Fund, a philanthropic partnership investing in ideas and organizations that support people in the navigation of difficult lives. Richard's background is in behavioral, development, and financial economics, and he has a PhD in Public Policy from Oxford. Richard has lived in a dozen countries and is currently based in the Bay Area. You can get in touch with him on LinkedIn.

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