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The (Lack of) Anticipatory Effects of the Social Safety Net on Human Capital Investment / Manasi Deshpande, Rebecca Dizon-Ross.
- Format:
- Book
- Author/Creator:
- Deshpande, Manasi.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w31512.
- NBER working paper series no. w31512
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2023.
- Summary:
- How does the expectation that a child will receive government benefits in adulthood affect parental investments in the child's human capital? Most parents whose children receive Supplemental Security Income (SSI) benefits overestimate the likelihood that their child will receive SSI benefits in adulthood. We present randomly-selected families with the predicted likelihood that their child will receive SSI benefits in adulthood. Reducing parents' expectations that children will receive benefits in adulthood does not increase investments in children's human capital. This zero effect is precisely estimated. Likely explanations include parents working more themselves, non-financial goals influencing investment, and families facing investment constraints.
- Notes:
- Print version record
- July 2023.
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