Income Transfers and Political Economy

Income Transfers and Political Economy - PAM2040 Income...

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PAM2040 Income Distribution Begin Political Economy
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Four Dimensions of Welfare Policy Cash Transfer / Welfare Money In-Kind Transfer / Welfare Goods / Services Categorical Defined by demographic characteristic Means-Tested Defined by income and assets
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In-Kind Transfer Food Stamps / Supplemental Nutrition Assistance (SNAP) USDA- up to $588 / month ($215 avg) 130% of poverty line Less than $2,000 in “countable” assets Lived in US for 5 years
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In-Kind Transfer Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) 185% of poverty line Cereal, Cow’s Milk, 100% juice, dried beans/peanut butter, eggs, tuna, domestic unprocessed cheese, carrots (not baby) Each state has a “WIC lottery” with categorical preferences
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The WIC line 1. Pregnant/Breastfeeding women/infants at risk for a medical reason 2. Infants up to 6 months of WIC mothers 3. Children (up to 5 yr) at risk for medical reason 4. Pregnant/Breastfeeding women/infants at risk for a behavioral reason 5. Children (up to 5 yr) at risk for behavioral reason
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Public Housing Projects government construct housing 1.2 million households State HA 80-50% of median income Section 8 vouchers 75% of voucher recipients <30% median income Voucher = rent – (0.3*income)
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Supply Side Incentives: LIHTC program
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In-Kind vs. Cash Transfers Everything Else Food Mandate
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Means Tested vs. Categorical Benefit = Guarantee – (POR x w x h) Utility = (w x h / Px) X + Benefit
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Income Transfers and Political Economy - PAM2040 Income...

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