Grant for Every Citizen: Survey Results of a Direct Government Payment in Israel (with Neomi Feldman)

Speaker
Ori Heffetz
Date
19/04/2021 - 12:30 - 11:15Add To Calendar 2021-04-19 11:15:00 2021-04-19 12:30:00 Grant for Every Citizen: Survey Results of a Direct Government Payment in Israel (with Neomi Feldman) Abstract: 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 either 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.   zoom meeting אוניברסיטת בר-אילן - המחלקה לכלכלה Economics.Dept@mail.biu.ac.il Asia/Jerusalem public
Place
zoom meeting
Affiliation
Hebrew U
Abstract


Abstract: 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 either 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.
 

תאריך עדכון אחרון : 18/04/2021