Wouldn’t the economic spillover effects depend on macroeconomic conditions? Government stimulus is more useful when there is more slack in the economy and more inflationary when there’s a tight labor market. I’d expect cash transfers to be similar.
I don’t know the conditions in the specific places studied, but in a lot of places there was significant slack in the economy from the Great Recession until Covid, and the labor markets are now tighter. So studies conducted in the 2010s might overestimate the present-day net benefits of economic spillovers.
Wouldn’t the economic spillover effects depend on macroeconomic conditions? Government stimulus is more useful when there is more slack in the economy and more inflationary when there’s a tight labor market. I’d expect cash transfers to be similar.
I don’t know the conditions in the specific places studied, but in a lot of places there was significant slack in the economy from the Great Recession until Covid, and the labor markets are now tighter. So studies conducted in the 2010s might overestimate the present-day net benefits of economic spillovers.