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The Effect of Social Entitlement Programmes on Private Transfers: New Evidence of Crowding Out

机译:社会权利计划对私人转移的影响:挤出的新证据

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摘要

This paper exploits a policy experiment to identify the crowding-out effects of public transfers on the incidence and level of private transfers. The introduction of a large social security programme in Taiwan is used to estimate the effect of an exogenous increase in government transfer payments to the elderly on the private transfer behaviour of their adult children. Using an instrumental variables strategy that accounts for the endogeneity of receiving public transfers, the empirical results showsome evidence of crowding out on the extensive margin of private transfers.
机译:本文利用一项政策实验来确定公共转移对私人转移的发生率和水平的挤出效应。台湾采用了一项大型社会保障计划,用于估算政府向老年人的转移支付外生增加对其成年子女的私人转移行为的影响。使用工具变量策略来说明接受公共转移支付的内生性,实证结果表明,有一些证据表明私人转移支付的利润空间很大。

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