The Comparative Impact of Cash Transfers and a Psychotherapy Program on Psychological and Economic Well-being

We thank the participants for their time; Tilman Graff, Magdalena Larreboure, Esther Owelle, and Michala Riis-Vestergaard for excellent research assistance; the staff of the Busara Center for Behavioral Economics; and the staff of the NGO delivering the intervention, for fruitful collaboration and comments. We thank Victoria Baranov, Barbara Biasi, Chris Blattman, Michelle Craske, Julian Jamison, Crick Lund, Joanna Maselko, Petra Moser, Robert Östling, Miranda Wolpert, and seminar and conference participants at the World Bank, BREAD, St. Andrews, LSE, Tilburg, Michigan, University of Pennsylvania, University of Connecticut, Northeastern University, UCLA, and Bocconi, for comments. This study was funded by grants to Jeremy Shapiro by the Gates Foundation and an Anonymous Donor, and by Princeton University. IRB approval was obtained from Princeton University (protocol no. 7375) and the Kenya Medical Research Institute (Non-KEMRI protocol no. 531). The study was pre-registered at https://www.socialscienceregistry.org/trials/3928. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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