| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28507 |
| 来源ID | Working Paper 28507 |
| In-Kind Transfers as Insurance | |
| Lucie Gadenne; Samuel Norris; Monica Singhal; Sandip Sukhtankar | |
| 发表日期 | 2021-03-01 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Recent debates about the optimal form of social protection programs have highlighted the potential for cash as the preferred form of transfer to low income households. However, in-kind transfers remain prevalent throughout the world. We argue that beneficiaries themselves may prefer in-kind transfers because these transfers can provide insurance against price risk. Households in developing countries often face substantial price variation as a result of poorly integrated markets. We develop a model demonstrating that in-kind transfers are welfare improving relative to cash if the covariance between the marginal utility of income and price is positive. Using calorie shortfalls as a proxy for marginal utility, we find that in-kind transfers improve welfare relative to cash for Indian households, an effect driven entirely by poor households. We further show that expansions in the generosity of the Public Distribution System (PDS)—India’s in-kind food transfer program—result not only in increased caloric intake but also reduced sensitivity of calories to prices. |
| 主题 | Public Economics ; Public Goods ; National Fiscal Issues ; Health, Education, and Welfare ; Poverty and Wellbeing ; Development and Growth ; Development ; Environmental and Resource Economics ; Agriculture |
| URL | https://www.nber.org/papers/w28507 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586179 |
| 推荐引用方式 GB/T 7714 | Lucie Gadenne,Samuel Norris,Monica Singhal,et al. In-Kind Transfers as Insurance. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28507.pdf（479KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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