Economic Transfers in the United States


Book Description

In recent years the definition of an economic transfer—a payment to an individual or institution that does not arise out of current productive activity—has been subject to even wider interpretation. This volume addresses that trend and introduces new methods of measuring transfers in the American economy. Social security, private pension benefits, housing, and health care are traditional kinds of transfers. Accurate measurements of the degree and effect of these and of other, newly interpreted transfers are vital to economic policy making. Though this volume is not directly concerned with policy-making issues, it does impinge on many areas of current public concern; methods of transfer valuation, for example, may affect how we view the status of the aged. Researchers, policy analysts, and those who compile statistics on which social programs are based on will value the diverse approaches of these ten papers and their accompanying comments. Taken together the essays give great insight into the complexities of defining transfers and provide a wealth of new analytic methods. They were developed from material presented at the Income and Wealth Conference on Social Accounting for Transfers held at Madison, Wisconsin, in 1982.




Targeting of Transfers in Developing Countries


Book Description

Drawing on a database of more than one hundred anti-poverty interventions in 47 countries, 'Targeting of Transfers in Developing Countries' provides a general review of experiences with methods used to target interventions in transition and developing countries. Written for policymakers and program managers in developing countries, in donor agencies, and in NGOs who have responsibility for designing interventions that reach the poor, it conveys what targeting options are available, what results can be expected as well as information that will assist in choosing among them and in their implementation. Key messages are: - While targeting 'works' - the median program transfers 25 percent more to the poor than would a universal allocation - targeting performance around the world is highly variable. - Means testing, geographic targeting, and self-selection based on a work requirement are the most robustly progressive methods. Proxy means testing, community-based selection of individuals and demographic targeting to children show good results on average, but with considerable variation. - Demographic targeting to the elderly, community bidding, and self-selection based on consumption show limited potential for good targeting. - There is no single preferred method for all types of programs or all country contexts. Successful targeting depends critically on how a method is implemented. The CD-ROM includes the database of interventions, an annotated bibliography (PDF) and Spanish and Russian translations of the book (PDFs).




The Distributional Impact of Taxes and Transfers


Book Description

The World Bank has partnered with the Commitment to Equity Institute at Tulane University to implement their diagnostic tool—the Commitment to Equity (CEQ) Assessment—designed to assess how taxation and public expenditures affect income inequality, poverty, and different economic groups. The approach relies on comprehensive fiscal incidence analysis, which measures the contribution of each individual intervention to poverty and inequality reduction as well as the combined impact of taxes and social spending. The CEQ Assessment provide an evidence base upon which alternative reform options can be analyzed. The use of a common methodology makes the results comparable across countries. This volume presents eight country studies that examine the distributional effects of individual programs and policy measures—and the net effect of each country’s mix of policies and programs. These case studies were produced in the context of Bank policy dialogue and have since been used to propose alternative reform options.




The Cash Dividend


Book Description

This book provides in-depth descriptions and analysis of how cash transfer programs have evolved and been used in Sub-Saharan Africa since 2000. The analysis focuses on program features and implementation, but it also highlights political economy issues and current knowledge gaps.




Private Interhousehold Transfers in Vietnam in the Early and Late 1990s


Book Description

Abstract: Cox uses date from the 1992-93 and 1997-98 Vietnam Living Standards Survey (VLSS) to describe patterns of money transfers between households. Rapid economic growth during the 1990s did little to diminish the importance of private transfers in Vietnam. Private transfers are large and widespread in both surveys, and are much larger than public transfers. Private transfers appear to function like means-tested public transfers, flowing from better-off to worse-off households and providing old age support in retirement. Panel evidence suggests some hysteresis in private transfer patterns, but many households also changed from recipients to givers and vice versa between surveys. Changes in private transfers appear responsive to changes in household pre-transfer income, demographic changes, and life-course events. Transfer inflows rise upon retirement and widowhood, for example, and are positively associated with increases in health expenditures. It also appears that private transfer inflows increased for households affected by Typhoon Linda, which devastated Vietnam's southernmost provinces in late 1997. This paper is a product of Macroeconomics and Growth, Development Research Group. The study was funded by the Bank's Research Support Budget under the research project Economic Growth and Household Welfare: Policy Lessons from Vietnam. The author may be contacted at donald.cox@@bc.edu.




Preparing for an Aging World


Book Description

Aging is a process that encompasses virtually all aspects of life. Because the speed of population aging is accelerating, and because the data needed to study the aging process are complex and expensive to obtain, it is imperative that countries coordinate their research efforts to reap the most benefits from this important information. Preparing for an Aging World looks at the behavioral and socioeconomic aspects of aging, and focuses on work, retirement, and pensions; wealth and savings behavior; health and disability; intergenerational transfers; and concepts of well-being. It makes recommendations for a collection of new, cross-national data on aging populationsâ€"data that will allow nations to develop policies and programs for addressing the major shifts in population age structure now occurring. These efforts, if made internationally, would advance our understanding of the aging process around the world.




Private Finance for Development


Book Description

The Covid-19 pandemic has aggravated the tension between large development needs in infrastructure and scarce public resources. To alleviate this tension and promote a strong and job-rich recovery from the crisis, Africa needs to mobilize more financing from and to the private sector.