scholarly journals Beneficiary Views on Cash and In-Kind Payments: Evidence from Ethiopia's Productive Safety Net Programme

2020 ◽  
Author(s):  
Kalle Hirvonen ◽  
John Hoddinott
Keyword(s):  
Financial Services ◽  
Large Scale ◽  
Stated Preference ◽  
Safety Net ◽  
Food Prices ◽  
Stated Preferences ◽  
Self Control ◽  
Social Safety Net ◽  
Food Markets ◽  
Made In

Abstract Economists often default to the assumption that cash is always preferable to an in-kind transfer. Do beneficiaries feel the same way? This paper addresses this issue using longitudinal household data from Ethiopia, where a large-scale social safety net intervention (PSNP) operates. Even though most payments are made in cash, and even though the (temporal) transaction costs associated with food payments are higher than payments received as cash, most beneficiaries stated that they prefer their payments only or partly in food. Higher food prices induce shifts in stated preferences toward in-kind transfers. More food-secure households, those closer to food markets and to financial services are more likely to prefer cash. Though shifts occur, the stated preference for food is dominant: In no year do more than 17 percent of households prefer only cash. There is suggestive evidence that stated preferences for food are also driven by self-control concerns.

Stated preferences of Taiwanese investors for financial products

2019 ◽  
Vol 11 (4) ◽  
pp. 411-428
Author(s):  
Chun-Wen Liu ◽  
Chao Deng
Keyword(s):  
Mutual Funds ◽  
Financial Services ◽  
Foreign Currency ◽  
Stated Preference ◽  
Stated Preferences ◽  
Rate Of Return ◽  
Content Type ◽  
Financial Products ◽  
Risk Appetite ◽  
Product Preferences

Purpose The popularity of wealth management in Taiwan has unleashed tense competition among financial advisors. Consumers are now more conscious of their financial services purchasing behavior. This paper aims to provide insights into local-specific investors’ characteristics and consumers’ financial product preferences and to introduce a different concept to identify localization-suitable products. Design/methodology/approach To understand customers’ preferred products, the paper examines consumers’ financial behavior by analyzing preference characteristics using data collected from Taiwanese investors. The study entailed a questionnaire designed for consumers using the stated preferences method and the multinomial and nested logit models to develop preference models for consumers’ financial products. A statistical test using the t-value, likelihood and ρ2 to observe investor preference product reactions was also used. Findings The study finds that investors are sensitive to the rate of return on investments and performance changes in foreign currency, stock and mutual funds. An elasticity analysis and prediction of the market share among interactive products show that stock and mutual funds are strongly related and the rate of return on stock undoubtedly influences the market. Originality/value The stated preference method and inclusion of risk appetite improve our understanding of consumer choice and investors’ financial product preferences and characteristics. The results provide suitable localization product suggestions for financial institutions to help them understand their customers’ behaviors better. This paper’s results are also useful in the context of smart financial services such as financial robot technology.

scholarly journals Is the Social Safety Net a Long-Term Investment? Large-Scale Evidence from the Food Stamps Program

2020 ◽  
Author(s):  
Martha Bailey ◽  
Hilary Hoynes ◽  
Maya Rossin-Slater ◽  
Reed Walker
Keyword(s):  
Large Scale ◽  
Safety Net ◽  
Food Stamps ◽  
Social Safety Net ◽  
The Social

scholarly journals Walking a Tightrope: Using Financial Diaries to Investigate Day-to-Day Financial Decisions and the Social Safety Net of the Financially Excluded

2020 ◽  
Vol 689 (1) ◽  
pp. 46-64
Author(s):  
Olga Biosca ◽  
Neil McHugh ◽  
Fatma Ibrahim ◽  
Rachel Baker ◽  
Tim Laxton ◽  
...  
Keyword(s):  
Social Networks ◽  
Low Income ◽  
Financial Services ◽  
Safety Net ◽  
Social Safety Net ◽  
Short Term ◽  
Financial Decisions ◽  
Financial Exclusion ◽  
The Social

Financially vulnerable, low-income individuals are more likely to experience financial exclusion as they are unable to access financial services that meet their needs. How do they cope with economic instability, and what is the role of social networks in their coping strategies? Using financial diaries, we explore the day-to-day monetary transactions (n = 16,889) of forty-five low-to-moderate income individuals with restricted access to mainstream lending in Glasgow, UK, over a six-month period. Our sample includes users of microcredit and financial advice, as well as nonusers of these services. Findings reveal that informal lending to avoid the pernicious effects of short-term illiquidity was pervasive among these individuals. However, taking informal loans often strains valuable social capital and keeps people from building up a formal credit footprint. Our findings suggest that financially vulnerable populations would benefit from policies that focus on alternative financial mechanisms to help stabilize income-insecure individuals in the short-term.

scholarly journals Is the Social Safety Net a Long-Term Investment? Large-Scale Evidence from the Food Stamps Program

2020 ◽  
Author(s):  
Martha Jane Bailey ◽  
Hilary Williamson Hoynes ◽  
Maya Rossin-Slater ◽  
Reed Walker
Keyword(s):  
Large Scale ◽  
Safety Net ◽  
Food Stamps ◽  
Social Safety Net ◽  
The Social

scholarly journals How to communicate large-scale social challenges: The problem of the disappearing American corporation

2018 ◽  
Vol 116 (16) ◽  
pp. 7698-7702 ◽  
Author(s):  
Gerald F. Davis
Keyword(s):  
Large Scale ◽  
Safety Net ◽  
The United States ◽  
Social Safety Net ◽  
Social Challenges ◽  
The Public ◽  
Public Corporations ◽  
American Corporation ◽  
American Economy ◽  
Better Than

Social science has distinct advantages and challenges when it comes to communicating its findings to the public. Its topics are often highly accessible to the general public, yet its findings may be counterintuitive and politically contentious. Conveying recent changes in the organization of the American economy provides an illustration of the difficulties and opportunities for engaging the public. The declining number of public corporations in the United States is associated with a shrinking middle class, lower opportunities for upward mobility, and a fraying social safety net, with important implications for individuals and public policy. Attempting to convey this set of findings to a broad public has demonstrated that some strategies and communication channels work better than others, and that some online media are particularly effective.

scholarly journals Analisis Penentuan Sektor Unggulan di Kabupaten Sumedang Provinsi Jawa Barat

2021 ◽  
Vol 12 (1) ◽  
pp. 31-44
Author(s):  
Fahrul Alam Masruri ◽  
Cahyono ◽  
Nugrahana Fitria Ruhyana
Keyword(s):  
Financial Services ◽  
Economic Activity ◽  
Group Discussion ◽  
Safety Net ◽  
Qualitative Approach ◽  
Construction Sector ◽  
Social Safety Net ◽  
Services Sector ◽  
Financial Services Sector ◽  
Main Driver

The purpose of this study was to analyze the potential leading sectors to be developed in Sumedang Regency. During the last 10 years, Sumedang's economy has been dominated by 3 main sectors. Of the three sectors and 14 other sectors, it is not yet known which one is the most superior and has the potential to be the main driving force of Sumedang's economy. This research method uses a sequential explanatory method, starting with LQ approach, Shift Share and overlay, then the results are followed by a qualitative approach by conducting a Focus Group Discussion with economic development stakeholders in Sumedang Regency. There are 11 sectors that are categorized as basic sectors, but there are only 2 sectors that are able to grow faster and have competitiveness compared to the same sector in West Java, namely the construction sector and the financial services sector and insurance. The agriculture, forestry and fisheries sectors are considered to have the potential to be the main driver of the Sumedang economy because it is a basic sector, has competitiveness, being a resistant sector during the Covid-19 pandemic, as a support for food security, a natural social safety net, and strengthening rural economic activity.

scholarly journals Social Safety Network (JPS) Policy To Communities Affected By Covid-19 Pandemic In Batang District, Central Java

2021 ◽  
Vol 2 (2) ◽  
pp. 109-121
Author(s):  
Muhammad Nashruddin
Keyword(s):  
Economic Crisis ◽  
Large Scale ◽  
Safety Net ◽  
Social Safety Net ◽  
Government Programs ◽  
Central Java ◽  
The Social ◽  
Low Levels ◽  
The Government ◽  
National Disaster

Abstract                                                                              Since the announcement that COVID-19 is a government, it has made several efforts to reduce the massive expansion of COVID-19. The implementation of Large-Scale Social Restrictions (PSBB), as well as adaptation to new habits or new normal has been instructed by the government for the community. However, these efforts have still not been able to show success in efforts to suppress the development of the spread of the corona virus in Indonesia. The COVID-19 pandemic in Indonesia has led to a socio-economic crisis whose impact can be felt by all levels of society, especially the 40% of people with low levels of welfare. national disaster, the spread of this virus in Indonesia has not shown a decline. Therefore, in crisis management, the government implements the Social Safety Network (JPS) program to encourage economic growth in times of crisis. Long before the COVID-19 outbreak, the Social Safety Net (JPS) program was an important component of the economic crisis that hit Indonesia in 1998. The JPS program was part of a government microeconomic policy in facing the economic crisis. Keywords: JPS, Government Programs, Covid-19

scholarly journals Government Efforts to Prevent Potential Violence Against Women During the Covid-19 Pandemic in Indonesia

2021 ◽  
Vol 21 (1) ◽  
pp. 103
Author(s):  
Devid Frastiawan Amir Sup
Keyword(s):  
Economic Impact ◽  
Violence Against Women ◽  
Large Scale ◽  
Economic Impacts ◽  
Safety Net ◽  
Social Safety Net ◽  
Qualitative Descriptive ◽  
The Government ◽  
Socio Economic Impact ◽  
Victims Of Violence

The implementation of large-scale social restrictions in Indonesia to prevent the wider spread of the Covid-19 pandemic, ultimately has socio-economic impacts, which then on a household scale also has the potential to cause violence in it. Women are those who are vulnerable to becoming victims of violence, especially during this pandemic. This research aims to describe the efforts taken by the government in Indonesia in preventing potential violence against women during the Covid-19 pandemic. This research uses qualitative-descriptive-textual methods. The results of this research are, to overcome these socio-economic impacts, the government has taken efforts through social safety net programs. Furthermore, to prevent the potential for violence against women during this pandemic, the government took the effort by implementing the Protocol on the Handling of Cases of Violence Against Women in the Covid-19 Pandemic Period. The value of this research are, to explain that the government has special attention to ensure the availability of protection services for victims of violence against women during this pandemic. Furthermore, through this research, the researchers invite together to work together in support of the efforts taken by the government to minimize the socio-economic impact of the Covid-19 pandemic, so that it can be resolved immediately.

scholarly journals Banks, Digital Banking Initiatives and the Financial Safety Net: Theory and Analytical Framework

2019 ◽  
Vol 3 (1) ◽  
Author(s):  
Stephen Lumpkin ◽  
Sebastian Schich
Keyword(s):  
Financial Services ◽  
Large Scale ◽  
Financial System ◽  
Analytical Framework ◽  
Safety Net ◽  
Special Role ◽  
Wide Range ◽  
Recent Developments ◽  
Range Of Functions ◽  
Financial Safety Net

This report presents an analytical framework for exploring the implications of Fintech innovations for incumbent banks and for provision of the financial safety net. The focus is on “digital banking initiatives”, that is, on Fintech initiatives that provide retail financial services akin to those traditionally provided by banks. Banks perform a wide range of functions for individual and institutional customers that help facilitate large-scale economic activity. In fact, in most economies the system of financial intermediation centres on banks and relies on their core products and services for financing of the economy and the maintenance of liquidity. On account of the central role banks play in the financial system, along with concerns about potential systemic instability linked to the riskiness of their activities, these institutions have long been regarded as “special”, as reflected in their prudential regulation and coverage under the various provisions of the financial safety net. Recent developments raise questions about the special status of banks. Two sets of questions are addressed herein: To what extent do new digital banking initiatives change the role that incumbent banks play in the financial system and the way that they perform their functions? To what extent are some of the new digital banking initiatives securing the benefits of the financial safety net without paying the commensurate price? To help address these questions the report first revisits the literature on core functions of the financial system to provide a framework for analysing recent developments. Particular attention is paid in this context to banks and their products and services. The “special” role of banks is discussed, which links to the provisions of the traditional safety net. These overview sections are followed by evidence on Fintech innovations that overlap the core banking products. Based on an examination of the characteristics of these new initiatives, the study then touches on the issue of whether banks are still special and whether some of these initiatives are or should be covered by financial safety net provisions.

Sign in / Sign up

Export Citation Format

Share Document