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Titel
Bonus skills: examining the effect of an unconditional cash transfer on child human capital formation / Jason Gaitz (The University of Sydney), Stefanie Schurer (The University of Sydney and IZA) ; IZA, Institute of Labor Economics
VerfasserGaitz, Jason In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Jason Gaitz ; Schurer, Stefanie In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Stefanie Schurer
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen In Wikipedia suchen nach Forschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, January 2017
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Umfang1 Online-Ressource (55 Seiten)
SerieDiscussion paper ; no. 10525
URNurn:nbn:de:hbz:5:2-110747 Persistent Identifier (URN)
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 Das Dokument ist frei verfügbar.
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Bonus skills: examining the effect of an unconditional cash transfer on child human capital formation [0.25 mb]
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Zusammenfassung

This paper evaluates the impact of the Australian Baby Bonus - a $3000 one-off cash transfer - on various aspects of child human capital development. Using high-quality longitudinal cohort data and difference-in-difference models, we compare the outcomes of cohort members whose younger sibling was born marginally on either side of July 1, 2004, when the Baby Bonus was introduced. Our results suggest that the Baby Bonus was not effective in boosting learning, socio-emotional or physical health outcomes of the average pre-school child. This finding is strengthened by the observation that the Baby Bonus did not impact parental well-being, parental behavior and labor supply, the potential mechanisms via which the cash transfer could have affected human capital formation. The muted effect for the Baby Bonus in comparison to significant effects for similar cash handouts in other countries may be explained by its non-targeted and one-off structure. We conclude that the large financial cost of $3000 per child is not justified as an intervention for the entire population to boost childrens skills.