Effects of labeled child benefits on family savings

Autor:	Timo Hener
Rok vydání:	2015
Předmět:	Consumption (economics) Economics and Econometrics Public economics Exploit Mental accounting 05 social sciences Microeconomics Transfer payment 0502 economics and business Economics 050207 economics health care economics and organizations Social Sciences (miscellaneous) 050205 econometrics
Zdroj:	Review of Economics of the Household. 15:759-777
ISSN:	1573-7152 1569-5239
DOI:	10.1007/s11150-015-9291-z
Popis:	Contrary to standard microeconomic principles, it is by now well understood that income is not fungible. For example, the label of a government transfer can induce individuals to make expenditure decisions that are skewed towards the label. In this paper, I show that child benefits are disproportionately used for savings assignable to children. I exploit a policy reform in a difference-in-differences approach to estimate the effect of child benefits on savings. The results suggest a significant positive effect on long-term savings and weak evidence for effects on child-assignable consumption. I conclude that labeling effects should be considered carefully by policy makers, if not for nudging individuals, then to avoid affecting decisions unintentionally.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::17414dcf495eb2b322344fbc66277ebb https://doi.org/10.1007/s11150-015-9291-z Zobrazit plný text záznamu Full text from SpringerLink