We adopt a structural approach to studying the effects of public transfers on consumption smoothing, risk sharing and welfare in small village economies. We calibrate the key parameters of a dynamic limited commitment model ...
This paper argues that preconditions for welfare benefit entitlements based on labour market prospects can be counterproductive when they create an incentive for individuals to abstain from any investment earlier in life ...
The non take-up of social assistance benefits due to claim costs may seriously limit the anti-poverty effect of these programs. Yet, available evidence is fragmented and mostly relies on interview-based data, potentially ...
The main objectives of social assistance bene fits, including poverty alleviation and labor-market or social reintegration, can be seriously compromised if support is difficult to access.
While recent studies point to ...
Many countries provide extensive in-kind public transfers for specific needs of
particular client groups such as the elderly, the disabled, and children. However, this may crowd out private expenditures on the goods in ...
Governments, over much of the developed world, make significant financial
transfers to parents with dependent children. For example, in the US the
recently introduced Child Tax Credit (CTC), which goes to almost all ...