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Targeted Transfers in Poor Countries Book PDF Summary

Two tradeoffs have been widely seen to severely constrain the scope for attacking poverty using redistributive transfers in poor countries: An equity-efficiency tradeoff and an insurance-efficiency tradeoff. Ravallion provides a critical overview of recent theoretical and empirical work that has called into question the extent of these tradeoffs in poor countries. He argues that these aggregate tradeoffs are often exaggerated. Indeed, they may not even be binding constraints in practice, given market failures. There appears to be scope for using carefully designed transfer schemes as an effective tool against both transient and chronic poverty. However, the same factors that weaken the tradeoffs also suggest that efficient redistributive policies might look rather different to the programs often found in practice. This paper - a product of the Poverty Team, Development Research Group - is part of a larger effort in the group to better understand the tradeoffs faced in development policymaking.

Detail Book of Targeted Transfers in Poor Countries PDF

Targeted Transfers in Poor Countries
  • Author : Martin Ravallion
  • Release : 21 September 2024
  • Publisher : World Bank Publications
  • ISBN : 978186723xxxx
  • Genre : Income maintenance programs
  • Total Page : 44 pages
  • Language : English
  • PDF File Size : 8,5 Mb

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Targeted Transfers in Poor Countries

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