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Redistributive Effects of Transfer Programmes in the United Kingdom
Author(s) -
BHATTARAI KESHAB,
WHALLEY JOHN
Publication year - 2009
Publication title -
economica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.532
H-Index - 65
eISSN - 1468-0335
pISSN - 0013-0427
DOI - 10.1111/j.1468-0335.2008.00686.x
Subject(s) - decile , redistribution (election) , transfer (computing) , economics , welfare , conditional cash transfer , econometrics , cash , demographic economics , metric (unit) , value (mathematics) , mathematics , statistics , macroeconomics , economic growth , political science , computer science , operations management , poverty , politics , parallel computing , law , market economy
We discuss the redistribution effects of transfer using a conditional‐choice general equilibrium model. We calibrate it to UK data for the early 2000s. Results indicate that a money‐metric measure of the welfare value of transfer received by the bottom decile of UK households equals 17% of the cash transfer.