Publication:
The Contribution of Increased Equity to the Estimated Social Benefits from a Transfer Program: An Illustration from PROGRESA/Oportunidades

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creativeworkseries.issn1564-698X
dc.contributor.authorAlderman, Harold
dc.contributor.authorBehrman, Jere R.
dc.contributor.authorTasneem, Afia
dc.date.accessioned2021-04-07T19:59:07Z
dc.date.available2021-04-07T19:59:07Z
dc.date.issued2019-10
dc.description.abstractMost impact evaluations of Conditional Cash Transfers (CCTs) and Unconditional Cash Transfers (UCTs) focus on the returns to increased human capital investments that will be reaped largely or exclusively in the future (e.g., when current children have increased productivities as adults). But the objectives of these programs are not only to increase human capital investments with implications for future levels and distributions of income but also to alleviate current poverty and reduce current inequality. The current distributional gains from such programs depend on the degree of inequality aversion in the social welfare function. Simulations show that, for a range of inequality aversion parameters, the welfare gains from current redistribution for the Mexican PROGRESA CCT program can be as large, or possibly much larger, than the estimated present discounted value of future earnings from human capital investments in lower and upper secondary schooling. These, moreover, are underestimates of the gains from redistribution because, in addition to current gains, such gains will be augmented in the future through the distribution of the returns on the human capital investments induced by cash transfer programs. Therefore, to fully evaluate such programs, it is critical to incorporate the distributional gains, not only the impacts on human capital investments.en
dc.identifier.citationWorld Bank Economic Review
dc.identifier.doi10.1596/35395
dc.identifier.issn1564-698X
dc.identifier.urihttps://hdl.handle.net/10986/35395
dc.publisherPublished by Oxford University Press on behalf of the World Bank
dc.relation.ispartofseriesWorld Bank Economic Review
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectPROGRAM EVALUATION
dc.subjectCASH TRANSFERS
dc.subjectTAXES
dc.subjectHUMAN CAPITAL
dc.subjectINVESTMENT
dc.subjectSOCIAL WELFARE
dc.subjectREDISTRIBUTION
dc.subjectINCOME DISTRIBUTION
dc.titleThe Contribution of Increased Equity to the Estimated Social Benefits from a Transfer Programen
dc.title.subtitleAn Illustration from PROGRESA/Oportunidadesen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/26371 Working paper (pre-print version)
okr.date.disclosure2021-04-07
okr.date.doiregistration2025-05-06T11:07:05.265789Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Journal Article
okr.identifier.doi10.1093/wber/lhx006
okr.journal.nbpages535-50
okr.language.supporteden
okr.peerreviewAcademic Peer Review
okr.region.countryMexico
okr.topicPoverty Reduction::Conditional Cash Transfers
okr.topicPoverty Reduction::Services & Transfers to Poor
okr.topicSocial Protections and Labor::Social Protections & Assistance
okr.volume33(3)
relation.isJournalIssueOfPublication726a797c-5f2c-4c9c-bc5d-3d56c85c4995
relation.isJournalIssueOfPublication.latestForDiscovery726a797c-5f2c-4c9c-bc5d-3d56c85c4995
relation.isJournalOfPublicationc41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublicationcc3fec42-4188-4d2a-87f3-7549dc3d3348
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