at Google ScholarTitle data
Mookherjee, Dilip ; Napel, Stefan:
Welfare rationales for conditionality of cash transfers.
In: Journal of Development Economics.
Vol. 151
(2021)
.
- 102657.
ISSN 0304-3878
DOI: https://doi.org/10.1016/j.jdeveco.2021.102657
This is the latest version of this item.
Abstract in another language
We study efficiency and distributional effects of conditioning transfers on educational investments by parents, in an OLG model with missing financial markets and heterogeneity of learning ability. Conditional cash transfers (CCT) can be designed to generate a Pareto improvement relative to either laissez faire, or unconditional transfers such as universal basic income proposals. This applies irrespective of whether the status quo involves underinvestment or overinvestment in education from a first-best perspective, or the nature or extent of parental altruism towards children. The CCT corrects a market failure of insurance and lack of consumption smoothing for parents with respect to random realizations of ability of their offspring.
Further data
| Item Type: | Article in a journal |
|---|---|
| Refereed: | Yes |
| Keywords: | Human capital incentives; Conditional cash transfers; Universal basic income |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics IV - Microeconomics > Chair Economics IV - Microeconomics - Univ.-Prof. Dr. Stefan Napel Faculties Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics IV - Microeconomics |
| Result of work at the UBT: | Yes |
| DDC Subjects: | 300 Social sciences > 320 Political science 300 Social sciences > 330 Economics |
| Date Deposited: | 08 Jul 2021 09:07 |
| Last Modified: | 14 Mar 2024 13:56 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/66486 |
Available Versions of this Item
-
Welfare rationales for conditionality of cash transfers. (deposited 25 Mar 2021 08:13)
- Welfare rationales for conditionality of cash transfers. (deposited 08 Jul 2021 09:07) [Currently Displayed]