Conditional cash transfer programmes are now a central part of the debate on social protection policies. So far the emphasis has been on “conditional”. This column focuses on the “cash” and suggests that it might benefit financial development – and that this possibility should be explored at the very least.
Nora Lustig, Luis Lopez-Calva, 06 June 2010
Income inequality in Latin America has declined steadily in recent years, after rising throughout the 1990s. This column presents one of the first attempts to understand why, exploring the forces behind a diminished earnings gap and increased government transfers. It says that that further redistribution would benefit both equality and growth.
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