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Title:	Some Efficiency Effects of Public and Private Transfers : A Cross-Sectional Analysis
Authors:	曾巨威 Tseng, Chu-Wei
Contributors:	財政系
Keywords:	Social sciences
Date:	1984
Issue Date:	2014-12-11 12:16:50 (UTC+8)
Abstract:	Scope and Method of Study. Both public and private transfers are the means of redistributing income. Although there has been a great deal of attention focused on public transfers, the role of private transfers, and their interaction with public transfers, have been relatively neglected. The primary objectives of this study were to assess public and private income transfers in regard to technical and allocative efficiency in redistributing income. Technical efficiency refers to the effectiveness of public or private transfers in achieving the goal of reducing income inequality. Allocative efficiency addresses the supply and public goods nature of private welfare transfers. Data for 28 metropolitan areas were employed for hypothesis testing. To determine redistributive effects of public and private transfers, the effect on the income distribution was theoretically and empirically separated into the effects due to transfer rates, transfer progressivities, and underlying income distributions. To examine the public goods nature of private welfare transfers, the public goods theory of private giving was evaluated by investigating the implications of Nash conjectures and utility interdependence hypotheses. Findings and Conclusions. The total redistributive effects of public income transfers are greater as compared to private income transfers. But, the conditions for public transfers to have a further income equalizing effect are much more strict than private transfers. In regard to the public goods nature of private welfare transfers, the results obtained do not support the hypotheses of utility interdependence and Nash conjectures. This suggests that the private welfare transfers examined in this study do not exhibit significant public goods characteristics. Based on these findings, it seems reasonable to conclude that although the total redistributive effects of public transfers are greater than private transfers, to further reduce income inequality, increased attention should be paid to the management of private transfers, rather than to public transfers. Moreover, there is no allocative inefficiency problem with the private welfare transfers examined in this study.
Relation:	Ph.D. Dissertation, Oklahoma State University 1984.
Data Type:	book/chapter
Appears in Collections:	[Department of Public Finance] Books & Chapters in Books

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