Transfers to Households with Children and Child Development
通过家庭投资儿童发展的模型，比较无条件、有条件及限制性现金转移支付对儿童成果分布的影响，发现最优条件现金转移计划在提升儿童平均质量上成本效率最高。
We utilise a model of household investments in the development of children to explore the impact of various transfer policies on the distribution of child outcomes. We develop a cost criterion that can be used to compare the efficacy of unrestricted, restricted, and conditional cash transfer (CCT) systems, and find that an optimally chosen CCT programme is the most cost‐efficient way to attain any given gain in average child quality. We explore several design elements for the CCT system and discuss the role of production function uncertainty and measurement error.