The Marginal Propensity to Earn and Consume out of Unearned Income: Evidence Using an Unusually Large Cash Grant Reform

被引：4

作者：

Bengtsson, Niklas ^{[1
,2
]}

机构：

[1] Uppsala Univ, SE-75120 Uppsala, Sweden

[2] UCLS, SE-75120 Uppsala, Sweden

来源：

SCANDINAVIAN JOURNAL OF ECONOMICS | 2012年 / 114卷 / 04期

关键词：

Child support; labor supply; least absolute deviation; robust regression; South Africa; H31; J22; O23; SOUTH-AFRICA; TRANSFER PROGRAMS; REGRESSION; TRANSFERS; PENSIONS;

D O I：

10.1111/j.1467-9442.2012.01726.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, we use the rapid introduction of an unconditional cash grant (child support) in South Africa to estimate the marginal propensity to consume and earn out of unearned income. We find that the marginal propensity to earn is about -0.3 and that the marginal propensity to consume is about 0.7. Nothing of the grant appears to be saved; if anything, households dissave against future grant payments. The marginal propensities estimated here are similar to those reported in comparable papers using US data. However, they stand in contrast to some results on conditional cash transfers in other developing countries.

引用

页码：1393 / 1413

页数：21

共 3 条

[1] Precautionary saving and the marginal propensity to consume out of permanent income
Carroll, Christopher D.
[J]. JOURNAL OF MONETARY ECONOMICS, 2009, 56 (06) : 780 - 790
[2] AN INFLUENCE OF RELATIVE INCOME ON THE MARGINAL PROPENSITY TO CONSUME EVIDENCE FROM CZECH REPUBLIC
Badura, Ondrej
[J]. PROCEEDINGS OF 14TH INTERNATIONAL SCIENTIFIC CONFERENCE: ECONOMIC POLICY IN THE EUROPEAN UNION MEMBER COUNTRIES, PTS 1 AND 2, 2016, : 21 - 33
[3] Estimating the marginal propensity to consume using the distributions of income, consumption, and wealth
Fisher, Jonathan D.
Johnson, David S.
Smeeding, Timothy M.
Thompson, Jeffrey P.
[J]. JOURNAL OF MACROECONOMICS, 2020, 65

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