This study evaluates the impact of depression treatment on economic behavior in Karnataka, India. We cross-randomized pharmacotherapy and livelihoods assistance among 1000 depressed adults and evaluated impacts on depression severity, socioeconomic outcomes, and several potential pathways over 26 months. The pharmacotherapy treatments reduce depression severity, with benefits that persist after treatment concludes. They substantially increase child human capital investment, particularly for older children, and reduce risk intolerance and the incidence of negative shocks. These findings suggest two pathways through which depression may perpetuate poverty.

We study the impact of a graduation program for ultra-poor women in eastern Democratic Republic of Congo, a war-torn area. We cross-randomized the primary treatment–a holistic set of services and financial support–with a 16-week men’s engagement program (MEP) for spouses and male household members. The core treatment has large effects on consumption, employment and finances, women’s empowerment, and health, with most effects still significant two years after the program start and an internal rate of return of 19.9 percent. We find heterogeneous effects on intimate partner violence, which decreased for women at high risk of violence but increased for women at low risk. The MEP yields no lasting additional impacts. Multifaceted programs targeting women can be an effective way to lift people out of poverty and increase women’s empowerment, although care is needed to minimize backlash.

We test if 3534 beneficiaries of PROSPERA, Mexico’s cash transfer program, smooth food consumption before and after the date of the transfer receipt, and if consumption smoothing is costly. The transfer is an anticipated and transitory income shock and, thus, the PIH predicts that consumption should be smooth before and after its receipt. We find that food consumption does not change the days before and after the transfer date and we find no evidence that households bear costs to smooth consumption. The transfer’s cost of access, which encompasses participants’ distaste for using debit cards and costly ATM withdrawals, may help time-inconsistent and less experienced debit card holders smooth consumption.