Abstract
In developing nations cash transfers between households play a role in maintaining poor urban families at income levels sufficient to meet expenditures on basic needs. In our analysis, a social network is seen as redistributing income to those member households who fall below a perceived basic needs threshold. This redistributive mechanism can be though of as the outcome of an implicit social contract whereby households insure themselves against the risk of falling below a perceived basic needs level. Using data from El Salvador, regression estimates which account for transfers received by poor households are found to be consistent with the proposed model.
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