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The Study on the Motivation of Private Transfers and the Crowding out effect of Public Transfers
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사적이전소득의 동기와 공적이전소득의 구축효과에 대한 연구

논문 기본 정보

Type
Academic journal
Author
Sung Jin Kang (고려대학교) Jeon Hyung Joon (창원대학교)
Journal
한국재정학회 공공경제 공공경제 제10권 제1호
Published
2005.1
Pages
23 - 46 (24page)

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The Study on the Motivation of Private Transfers and the Crowding out effect of Public Transfers
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Understanding private transfers is important for safety-net policies because private transfers provide economic benefits similar to those of public programs such as unemployment insurance and pension. Using two balanced households data from Korea for 1995-1998 and 1999-2003, respectively, the paper shows that the private transfers received before and after the financial crisis were altruistically motivated and there was a strong crowding-out effect of public transfers. These findings suggest that the government of Korea should design its public transfer scheme by considering these altruistic motive and crowding-out effect in order to improve effectiveness and efficiency of its social safety net programs
#Private transfers #Public transfers #Crowding out effect #Social safety nets

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