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The Effects of Child Benefit on Household Saving

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dc.abstract.enIn 2016, a new child benefit was introduced in Poland: a universal benefit for the second and subsequent children in a family and means tested for the first child. Substantial transfers of the new child benefit were granted to 60% of households with children. The generous child benefit, equal to 10% of monthly average household income, caused an unexpected positive income shock for families with children. This paper investigates how the new child benefit affected household decisions to consume or save the child’s income. Applying the difference-in-differences method and Polish Household Budget Survey data for 2012–2018, we find a positive effect of the child benefit on household saving. Our estimates indicate that families obtaining the child benefit (treatment group) increased the saving rate by 8 percentage points after the child benefit reform in 2016. Over time, the control group (not obtaining the child benefit) increased the saving rate by 2.9 percentage points.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorLiberda, Zofia
dc.contributor.authorPęczkowski, Marek
dc.contributor.authorSałach, Katarzyna
dc.date.accessioned2024-01-26T10:11:06Z
dc.date.available2024-01-26T10:11:06Z
dc.date.issued2022
dc.description.financePublikacja bezkosztowa
dc.identifier.doi10.1007/S10834-022-09834-3
dc.identifier.issn1058-0476
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/122162
dc.identifier.weblinkhttps://doi.org/10.1007/s10834-022-09834-3
dc.languageeng
dc.pbn.affiliationeconomics and finance
dc.relation.ispartofJournal of Family and Economic Issues
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.subject.enHouseholds
dc.subject.enIncome
dc.subject.enSaving
dc.subject.enFamily
dc.subject.enChild benefit
dc.subject.enPoland
dc.titleThe Effects of Child Benefit on Household Saving
dc.typeJournalArticle
dspace.entity.typePublication