The paper examines some effects of Universal Basic Income (UBI) during the COVID-19 pandemic using a large-scale experiment in rural Kenya. Transfers significantly improved well-being on common measures such as hunger, sickness and depression in spite of the pandemic, butwith modest effect sizes. They may have had public health benefits, as they reduced hospital visits and decreased social (but not commercial) interactions that influence contagion rates.
These are the presentation slides for Side Event 2: Expanding Social Protection to Decrease Inequality at the Global e-Conference Turning the COVID-19 crisis into an opportunity: What's next for social protection? The session provided a view on what is needed to scale up social protection systems to decrease inequality and meet the challenge from the economic crisis following Covid-19, taking as a starting point in experi
The purpose of this baseline study is to describe the status of people aged between 65 and 75 in Kenya prior to the start of the universal pension programme and, as such, serve as the basis for assessing the potential impact of the pension scheme on older men and women and their households. This study also provides information that can be used to assess the suitability of the control group as a valid counterfactual for an impact evaluation.
The COVID-19 crisis is heavily affecting economic activity and financial markets. While global stock markets have recovered after a sharp fall at the onset of the crisis, changes in interest rates, currency fluctuations and generalized uncertainty regarding the development of the pandemic continue to disrupt investment policies and strategies. In addition to the need to revise investment strategies, the surge in benefit demand and drop in contribution income has had a significant impact on asset-liability management approaches adopted by social security institutions.
The evidence is now clear, and the COVID-19 crisis has only made it more pressing that “now is the time” for universal child benefits – this was the message offered from the Overseas Development Institute (ODI) webinar on the subject last week. The discussion centred on the arguments that children continue to be massively over-represented in terms of global poverty and under-represented – almost 2/3 of the world’s children – in access to social protection and/or any form of benefits.
Timely government intervention has silently been pumping in more than Kshs 1.5 billion to thousands of economically hard-hit youth in the informal urban settlements monthly, perhaps helping stem a social, economic catastrophe.