Child Benefit Payments and Household Wealth Accumulation

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Melvin Stephens Jr.; Takashi Unayama;
  • Subject: Household Consumption; Life Cycle Permanent Income Hypothesis
    • jel: jel:E21 | jel:D12
    mesheuropmc: health care economics and organizations

Using the life-cycle/permanent income hypothesis, we theoretically and empirically assess the impact of child benefit payments on household wealth accumulation. Consistent with the predictions of the model, we find that higher cumulative benefits received increase curre... View more
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