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Grandmothers and Granddaughters: Old-Age Pensions and Intrahousehold Allocation in South Africa

Nama Pengarang : -
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 1-25
Abstraksi Narasi : This article evaluates the impact of a large cash transfer program in South Africa on children`s nutritional status and investigates whether the gender of the recipient affects that impact. In the early 1990s the benefits and coverage of the South African sosial pension program were expanded for the black population. In 1993 the benefits were about twice the median per capita income in rural areas. More than a quarter of black Sout African children under age five live with a pension recipient. Estimates suggest that pensions received by women had a large impact of the anthropometric status (weight for height and heoght for age) of girls but little effect on that of boys. No similar effect is found for pensions received by men. This suggests that the efficiency of public transfer programs may depend on the gender of the recipient.

Economic, Demographic, and Institutional Determinants of Life Insurance Consumption across Countries

Nama Pengarang : -
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 51-88
Abstraksi Narasi : Life insurance has become an increasingly important part of the financial sector over the past 40 years, providing a range of financial services for consumers and becoming a major source of investment in the capital market. But what drives the large variation in life insurance consumption across countries remains unclear. Using a panel with data aggregated at different frequencies for 68 economies in 1961-2000, this article finds that economic indicators-such as inflation, income per capita, and banking sector development-and religious and institutional indicators are the most robust predictors of the use of life insurance. Education, life expectancy, the young dependency ratio, and the size of the social security system appear to have no robust association with life insurance consumption. The results highlight the importance of price stability and banking sector development in fully realizing the savings and investment functions of life insurance in an economy.

Benefits on the Margin: Observations on Marginal Benefit Incidence

Nama Pengarang : Stephen D. Younger, Thorsten Beck, Ian Webb, Esther Duflo, Jessica Seddon Wallack et al, Marianne Bertrand, Sendhil Mullainathan, Miller, Douglas, Lawrence Haddad et al
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 89-106
Abstraksi Narasi : Benefit incidence analysis has become a popular tool over the past decade, especially for researchers at the World Bank. Despite or perhaps because of the popularity of this method, recent research has pointed out many of its limitations. One of the most common criticisms of benefit incidence analysis is that its description of average participation rates is not necessarily useful in guiding marginal changes in public spending policies. This article considers a variety of methods for analyzing the marginal benefit incidence of policy changes. A key conceptual points is that despite the fact that the various methods measure ``marginal`` incidence, they do not measure the same thing-nor are they intended to do so. There are many possible policy changes and thus many margins of interest. Each method captures one of these and so is of interest for some analyses and inappropriate for others. Empirically, the precision of the methods differs substantially, with those relying on differenced data or aggregations of households yielding standards errors that are quite large relative to the estimated shares.

The Distributional Impacts of Indonesia`s Financial Crisis on Household Welfare: A `Rapid Response` Methodology

Nama Pengarang : -
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 397-423
Abstraksi Narasi : Analyzing the distributional impacts of economic crises is an ever more pressing need. If Policymakers are to intervene to help those most adversely affected, they need to identify those who have been hurt most and estimate the magnitude of the harm they have suffered. They must also respond in a timely manner. This article develops a simple methodology for measuring these affects and applies it to analyze the impact of the Indonesian economic crisis on household welfare. Using only pre-crisis household information, it estimates the compensating variation for Indonesian households following the 1997 Asian currency crisis and then explores the results with flexible nonparametric methods. It finds that virtually every household was severely affected, although the urban poor fared the worst. The ability of poor rural households to produce food mitigated the worst consequences of the high inflation. The distributional consequences are the same whether or not households are permitted to substitute toward relatively cheaper goods. The geographic location of the household matters even within urban or rural areas and household income categories. Households with young children may have suffered disproportionately large adverse effects.

Low Schooling for Girls, Slower Growth for All? Cross-Country Evidence on the Effect of Gender Inequality in Education on Economic Development

Nama Pengarang : -
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 345-373
Abstraksi Narasi : Using cross-country and panel regressions, this article investigates how gender inequality in education affects long-term economic growth. Such inequality is found to have an effect of economic growth that is robust to changes in specifications and controls for potential endogeneities. The results suggest that gender inequality in education directly affects economic growth by lowering the average level of human capital. In Addition, growth is indirectly affected through the impact of gender inequality on investment and population growth. Some 0.4-0.9 percentage points of differences in annual percapita growth rates between East Asia and Sub-Saharan Africa, South Asia, and the Midle East can be accounted for by differences in gender gaps in education between these regions.

Gender, Time Use, and Change: The Impact of the Cut Flower Industry in Ecuador

Nama Pengarang : -
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 375-395
Abstraksi Narasi : This article uses survey data from Ecuador to examine the effects of women`s employment on the allocation of paid and unpaid labor within the household. I compare a region with high demand for female labor with a similar region in which demand for female labor is low. The comparison suggests that market labor opportunities for women have no effect on women`s total time in labor but increase men`s time in unpaid labor. The increase in men`s time in unpaid work reflects women`s increased bargaining power in the home.

Gender Effects of Social Security Reform in Chile

Nama Pengarang : -
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 321-343
Abstraksi Narasi : In 1981 Chile replaced a mature government-run social security system that operated on a pay-as-you-go basis with a privately managed system based on individual retirement accounts. The new system is more fiscally sustainable because pension benefits are defined by contributions. The minimum pension guaranteed to beneficiaries with at least 20 years is funded from general taxes, preserving the tight matching between contributions and benefits. The new system also eliminates several cross-subsidies. Men and women with less than secondary education gain under the new systems reveals a complex set of factors that cause gender effects given constant behavior or change behavior across genders.

Density versus Quality in Health Care Provision: Using Household Data to make Budgetary Choices in Ethiopia

Nama Pengarang : -
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 425-448
Abstraksi Narasi : Usage of health facilities in Ethiopia is among the lowest in the world; raising usage rates is probably critical for improving health outcomes. The government has diagnosed the principal problem as the lack of primary health facilities and is devoting a large share of the health budget to building more facilities. But household data suggest that usage of health facilities is sensitive not just to the distance to the nearest facility but also to the quality of health care provided. If the quality of weak facilities were raised to that currently provided by the majority of facilities in Ethiopia, usage would rise significantly. National data suggest that given the current density and quality os service provision, additional expenditure on improving the quality of service delivery will be more cost-effective than increasing the density of service provision. The budget allocation rule presented in the article can help local policymakers make decisions about how to allocate funds between improving the quality of care and decreasing the distance to the nearest health care facility.

A Firm`s-Eye View of Commercial Policy and Fiscal Reforms in Cameroon

Nama Pengarang : Isidro Soloaga, Bernard Gauthier, Tybout, James, John MacKinnon, Stefan Dercon, Collier, Paul, Edwards, Alejandra Cox , Constance Newman, Stephan Klasen, Jed Friedman, James Levinsohn
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 449-472
Abstraksi Narasi : After decades of high trade restrictions, fiscal distortions, and currency overvaluation, Cameroon implemented important commercial and fiscal policy reforms in 1994. Almost simultaneously, a major devaluation cut the international price of Cameroon`s currency in half. This article examines the effects of those reforms on the incentive structure faced by manufacturing firms. Did the reforms create a coherent new set of signals? Did they reduce dispersion in tax burdens? Was the net effect to stimulate the production of tradable goods? The results of applying a cost function decomposition to detailed firm-level panel data suggest that the reforms created clear new signals for manufacturers, as effective protection rates fell by 80 to 120 percentage points. In contrast, neither the tax reforms nor the devaluation had a major systematic effect on profit margins. The devaluation did shift relative prices dramatically in favor of exportable goods, causing exporters to grow relatively rapidly.

The Impact and Targeting of Social Infrastructure Investments: Lessons from the Nicaraguan Social Fund

Nama Pengarang : -
Nama Majalah/Jurnal : The World Bank Economic Review
Volume / Nomor Edisi : -
Nomor Halaman : 275-295
Abstraksi Narasi : The benefit incidence and impact of projects financed by the Nicaraguan Emergency Social Investment Fund are investigated using a sample of beneficiaries, a national households survey, and two distinct comparison groups. The first group in constructed on the basis of geographic proximity between similar facilities and their corresponding communities; the second is drawn from the national Living Standards Measurement Study survey sample using propensity score matching techniques. The analysis find that the social fund investments in latrines, schools, and health posts are targeted to poor communities and households, whereas those in sewerage are targeted to the better-off. Investments in water systems are poverty-neutral. Education investments have a positive, significant impact on school outcomes regardless of the comparison group used. The results of health investmentsare less clear. Using one comparison group, the analysis finds that use of health clinics increased as a result of the investments; using both, it finds higher use of clinics for children under age six with diarrhea. With neither comparison group does it find improvements in health outcomes. Social fund investments in water and sanitation improve access to services but have no effect on health outcomes.
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