A Grant to Every Citizen: Survey Evidence of the Impact of a Direct Government Payment in Israel / Naomi Feldman, Ori Heffetz.

Format:

Book

Author/Creator:

Feldman, Naomi.

Contributor:

National Bureau of Economic Research.

Heffetz, Ori.

Series:

Working Paper Series (National Bureau of Economic Research) no. w28312.

NBER working paper series no. w28312

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2020.

Summary:

In early August, 2020, during the COVID-19 pandemic, Israel disbursed one-time, universal grants to its citizens, of $220 per adult and $150 per child. Using survey data, we estimate that 25-45 percent either had already mostly spent or were planning to spend the money by year's end and 36-52 percent mostly paid down debts. Interestingly, about as many people reported mostly donating the grant or using it to help family or friends as reported saving it (10-18 percent), with donations mostly originating from higher-income respondents. This voluntary rerouting of governmental assistance may help alleviate the trade-off between targeting and simplicity/speed of disbursement.

Notes:

Print version record

December 2020.