It has been long recognized that cash plays a critical role in fueling street crime due to its liquidity and transactional anonymity. In poor neighborhoods where street offenses are concentrated, a significant source of circulating cash stems from public assistance or welfare payments. In the...

This paper estimates the effect of income taxation and transfers on labour supply at the extensive margin, i.e., the labour force participation. We extend existing structural form methodologies by considering the effect of both taxes and transfers. Non-labour income contains the (hypothetical)...

Does poverty lead to crime? We shed light on this question using two independent and exogenous shocks to household income in rural India: the dramatic reduction in import tariffs in the early 1990s and rainfall variations. We find that trade shocks, previously shown to raise relative poverty,...

A svéd jóléti rendszer a szociáldemokrata, intézményesült jóléti rendszer és a teljes foglalkoztatásra épülő észak-európai jóléti modell legismertebb reprezentánsa az 1980-as évek végére érezhetően kimerítette lehetőségeit. A rendszer problémái a kilencvenes évek...

Rothschild-Stiglitz [1976] elsősorban a semleges (újraelosztás nélküli) biztosítást vizsgálta aszimmetrikus információ esetén. Alapmodelljében a biztosító nem ismeri fel, hogy a biztosított kicsi vagy nagy kockázatú, ezért a kis kockázatú egyéneknek olyan nagy...

Recently, early investments in the human capital of children from socially disadvantaged environments have attracted a great deal of attention. In a discrete version of the Mirrlees model with a parents' and a children's generation we show the intra-generational and the inter-generational...

Inflation-adjusted spending on means-tested subsidies have increased sharply since 2007, and most of this growth was due to changes in eligibility rules, and increases in subsidies per eligible person, rather than increases in the number of people who would have been eligible under pre-recession...

The guide outlines the main evaluation challenges associated with ALMP’s, and shows how to obtain rigorous impact estimates using two leading evaluation approaches. The most credible and straightforward evaluation method is a randomized design, in which a group of potential participants is...

This paper explores the introduction of collective risk-sharing elements in defined contri-bution pension contracts. We consider status-contingent, age-contingent and asset contingent risk-sharing arrangements. All arrangements raise aggregate welfare, as measured by equiva- lent variations....

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 using data gathered as part of the Mexican Progresa program, and take...