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Randomized Control Trial: The Psychosocial Value of Employment We will be replicating a paper that evaluates other benefits from employment beyond the monetary incomein particular,
Randomized Control Trial: The Psychosocial Value of Employment We will be "replicating" a paper that evaluates other benefits from employment beyond the monetary incomein particular, a psychosocial value.11 The paper, "The Psychosocial Value of Employment: Evidence from a Refugee Camp," was written by Reshmaan Hussam, Erin M. Kelley, Gregory Lane, and Fatima Zahra, and was published in 2022 in The American Economic Review. To get you started, here is the abstract of the paper: Employment may be important to well-being for reasons beyond its role as an income source. This paper presents a causal estimate of the psychosocial value of employment in refugee camps in Bangladesh. We involve 745 individuals in a field experiment with three arms: a control arm, a weekly cash arm, and an employment arm of equal value. Employment raises psychosocial well-being substantially more than cash alone, and 66 percent of the employed are willing to forgo cash payments to continue working temporarily for free. Despite material poverty, those in our context both experience and recognize a nonmonetary, psychosocial value to employment. 14. Read the first three pages of the paper and summarize briefly (five to seven sentences) the problem the paper is discussing, what the research
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