Do Intra‐Household Effects Generate the Food Stamp Cash‐Out Puzzle?
分析美国食品券计划参与者的数据，发现多成人家庭中食品券比现金收入更能提高食品消费，而单人家庭无此差异，提示家庭内部资源分配过程受收入形式影响。
Abstract Previous empirical studies have noted the higher marginal propensity to consume food out of food stamps in the United States, compared to that out of cash income. Analyzing data from U.S. Food Stamp Program participants, we find evidence that this discrepancy may be driven primarily by the behavior of multiple‐adult households. Single‐adult households show no evidence of any discrepancy. Thus, our results suggest that food stamp and cash income (welfare or market) may have very different impact on the intra‐household allocation process, and that this is reflected empirically in the cash‐out puzzle.