The Effect of Monthly Cash Transfers during 5 Years on Households’ Wealth
利用丰富登记数据和断点回归设计，研究五年期月度现金转移对家庭财富、劳动供给、婚姻状况和生育率的影响，发现转移支付显著降低家庭财富指数，并减少女性结婚概率，但对劳动供给和生育率无影响。
We use rich register data and a regression discontinuity design to estimate the effects of a monthly cash transfer during 5 years on households’ wealth, labor supply, marital status, and fertility. We find that receipt of the transfer has a significantly negative effect on households’ wealth index. We also find that women who receive the transfer are less likely to be married and, therefore, to have a spouse who works. The sizes of these effects are larger for prior nonrecipients than for prior recipients. We find no effects on female labor supply or on fertility.