Abstract
The redistributive effects of public transfers have usually been measured by comparing incomes before and after transfer benefits are counted, but ignoring labor supply reductions induced by such benefits. This study uses a simulation approach to estimate for nonaged families the decline in work hours and earnings in 1967 and 1974 due to major U.S. cash transfers. The net redistributive effect of these programs is also measured.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.