Optimal Redistribution With Productive Social Services

Luciano Greco

No 26, "Marco Fanno" Working Papers from Dipartimento di Scienze Economiche "Marco Fanno"

Abstract: We analyze the optimality of alternative mechanisms of public provision of private goods affecting the productive capacity of households (e.g. education, health-care) rather than directly their welfare. Opting out mechanisms - often considered a tool to focus social expenditure - are proven to be welfare improving under the assumption that the provided good is not a substitute of households' exogenous productive capacity (say, inherited wealth). Conversely, when publicly provided goods are substitute of inherited productive capacity, topping up mechanisms prove more efficient.

Keywords: In-kind transfers; public provision of private goods; opting out; topping up (search for similar items in EconPapers)
JEL-codes: H21 H42 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2006-10
New Economics Papers: this item is included in nep-pbe
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Related works:
Journal Article: Optimal Redistribution with Productive Social Services (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pad:wpaper:0026

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