Macroeconomic Effects of Government Transfer Payments: Evidence from Korea

2021 ◽  
pp. 105571
Author(s):  
Wongi Kim
Keyword(s):  
Transfer Payments ◽  
Government Transfer ◽  
Macroeconomic Effects

scholarly journals Parents' Incomes and Children's Outcomes: A Quasi-Experiment Using Transfer Payments from Casino Profits

2010 ◽  
Vol 2 (1) ◽  
pp. 86-115 ◽  
Author(s):  
Randall K. Q. Akee ◽  
William E. Copeland ◽  
Gordon Keeler ◽  
Adrian Angold ◽  
E. Jane Costello
Keyword(s):  
Educational Attainment ◽  
Young Adulthood ◽  
Lower Incidence ◽  
Household Income ◽  
Transfer Payments ◽  
Government Transfer ◽  
Long Run ◽  
Poverty Status ◽  
One Year ◽  
A Minor

We examine the role an exogenous increase in household income, due to a government transfer unrelated to household characteristics, plays in children's long-run outcomes. Children in affected households have higher levels of education in their young adulthood and a lower incidence of criminality for minor offenses. Effects differ by initial household poverty status. An additional $4,000 per year for the poorest households increases educational attainment by one year at age 21, and reduces the chances of committing a minor crime by 22 percent for 16 and 17 year olds. Our evidence suggests improved parental quality is a likely mechanism for the change. (JEL D14, H23, I32, I38, J13)

scholarly journals Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Increases, 1952–1991

2016 ◽  
Vol 8 (4) ◽  
pp. 1-42 ◽  
Author(s):  
Christina D. Romer ◽  
David H. Romer
Keyword(s):  
Monetary Policy ◽  
Social Security ◽  
Industrial Production ◽  
Positive Response ◽  
Social Security Benefit ◽  
Transfer Payments ◽  
Macroeconomic Effects ◽  
Tax Changes

This paper uses Social Security benefit increases from 1952 to 1991 to investigate the macroeconomic effects of changes in transfers. It finds a large, immediate, and significant positive response of consumption to permanent benefit increases. The response declines after about five months, and does not appear to spread to industrial production or employment. The effects of transfers are faster, but much less persistent and much smaller overall, than those of tax changes. Finally, monetary policy responds strongly to benefit increases but not to tax changes. This may account for the failure of the effects of transfers to persist or spread. (JEL E21, E62, E63, H31, H55)

scholarly journals The Katrina Effect: Was There a Bright Side to the Evacuation of Greater New Orleans?

2007 ◽  
Vol 7 (1) ◽  
Author(s):  
Jacob L Vigdor
Keyword(s):  
Hurricane Katrina ◽  
New Orleans ◽  
Well Being ◽  
Transfer Payments ◽  
Self Employment ◽  
Government Transfer ◽  
Show Evidence ◽  
Bright Side ◽  
Poor Outcomes ◽  
The Impact

Abstract This paper uses longitudinal data from Current Population Surveys conducted between 2004 and 2006 to estimate the net impact of Hurricane Katrina-related evacuation on various indicators of well-being. While evacuees who have returned to the affected region show evidence of returning to normalcy in terms of labor supply and earnings, those who persisted in other locations exhibit large and persistent gaps, even relative to the poor outcomes of individuals destined to become evacuees observed prior to Katrina. Evacuee outcomes are not demonstrably better in destination communities with lower initial unemployment or higher growth rates. The impact of evacuation on total income was blunted to some extent by government transfer payments and by self-employment activities. Overall, there is little evidence to support the notion that poor underemployed residents of the New Orleans area were disadvantaged by their location in a relatively depressed region.

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