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We benchmark a multi-dimensional child nutrition intervention against anunconditional cash transfer of equal cost. Randomized variation in transferamounts allows us to estimate impacts of cash transfers at expenditure levelsequivalent to the in-kind program, as well as to estimate the return toincreasing cash transfer values. While neither the in-kind program nor acost-equivalent transfer costing \$124 per household moves core child outcomeswithin a year, cash transfers create significantly greater consumption than thein-kind alternative. A larger cash transfer costing \$517 substantiallyimproves consumption and investment outcomes and drives modest improvements indietary diversity and child growth.

Cash versus Kind: Benchmarking a Child Nutrition Program against Unconditional Cash Transfers in Rwanda