Improving Financial Inclusion through the Delivery of Cash Transfer Programmes: The Case of Mexico’s Progresa-Oportunidades-Prospera Programme

Masino, S. and Nino-Zarazua, M. 2018. Improving Financial Inclusion through the Delivery of Cash Transfer Programmes: The Case of Mexico’s Progresa-Oportunidades-Prospera Programme. Journal of Development Studies. Advanced online publication. doi:10.1080/00220388.2018.1546845

TitleImproving Financial Inclusion through the Delivery of Cash Transfer Programmes: The Case of Mexico’s Progresa-Oportunidades-Prospera Programme
TypeJournal article
AuthorsMasino, S. and Nino-Zarazua, M.
Abstract

This paper follows a quasi-experimental research design to assess the impact of the electronic payment system of Mexico’s Progresa-Oportunidades-Prospera (POP) programme. The switch from cash payments to electronic payments delivered via savings accounts is found to have medium-term effects on savings decisions, transaction costs, and coping strategies. Overall, the study finds that, following the intervention, a substitution effect emerged between saving portfolio choices, with the poor favouring bank accounts over informal saving arrangements.
It also found that the Oportunidades savings account led to an increase in remittance reception, which in turn
had important implications for household consumption smoothing and risk management decisions. The study also
reveals impact heterogeneity depending on household composition and the rural-urban divide, with important
implications for replicability of similar policy innovations in other countries

JournalJournal of Development Studies
ISSN0022-0388
Year2018
PublisherTaylor & Francis
Publisher's versionImproving Financial Inclusion through the Delivery of Cash Transfer Programmes The Case of Mexico s Progresa Oportunidades Prospera Programme.pdf
Supplementary data or filesSupplementary Material.docx
Digital Object Identifier (DOI)doi:10.1080/00220388.2018.1546845
Web address (URL)https://www.tandfonline.com/doi/full/10.1080/00220388.2018.1546845
Publication dates
Published online12 Dec 2018
LicenseCC BY-NC-ND 4.0

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