Abstract
This paper offers a new way of assessing government transfer programs using a social welfare function framework. It demonstrates how one can use social welfare functions to measure such programs' efficiency without requiring the specification of a poverty line or particular poverty measures. The paper introduces three alternative principles of targeting, which provide a basis for measuring program efficiency. By applying the methodology developed in this paper, we compare the targeting efficiencies of 44 countries, which include both middle and high-income countries.
Original language | English |
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Journal | Review of Income and Wealth |
DOIs | |
Publication status | Published - 12 Feb 2021 |
Keywords
- Policy Evaluation; Government Transfer; Social Welfare; Social Rate of Return; International Comparison