Should Subsidized Private Transfers Replace Government Social Insurance? /

Private transfers between individuals or through organized charities are increasingly viewed as an alternative for government social insurance programs. This paper models the incentive effects of government subsidized private transfers and finds that while there is a significant welfare benefit to s...

תיאור מלא

מידע ביבליוגרפי
מחבר ראשי: Fullenkamp, Connel
מחברים אחרים: Chami, Ralph
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2000.
סדרה:IMF Working Papers; Working Paper ; No. 2000/150
גישה מקוונת:Full text available on IMF
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245 1 0 |a Should Subsidized Private Transfers Replace Government Social Insurance? /  |c Connel Fullenkamp, Ralph Chami. 
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300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Private transfers between individuals or through organized charities are increasingly viewed as an alternative for government social insurance programs. This paper models the incentive effects of government subsidized private transfers and finds that while there is a significant welfare benefit to subsidizing private transfers, there is also a significant welfare cost to this policy. It is shown analytically, as well as through simulations, that the optimal subsidy to private transfers is positive for a wide range of parameter values. This result indicates that subsidized private transfers in net terms are welfare enhancing. 
538 |a Mode of access: Internet 
700 1 |a Chami, Ralph. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2000/150 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2000/150/001.2000.issue-150-en.xml  |z IMF e-Library