Testing the relationship between public and private transfers : empirical evidence from South Africa

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dc.contributor.advisorWoolard, Ingriden_ZA
dc.contributor.authorChennells, Matthew Johnen_ZA
dc.date.accessioned2016-06-17T06:28:50Z
dc.date.available2016-06-17T06:28:50Z
dc.date.issued2015en_ZA
dc.description.abstractFinancial transfers between individuals living away from their households play an important role in the reallocation of resources, particularly in developing countries. Likewise, the involvement of the State in society and public transfers of resources have been extensively documented as to their alleviation of poverty and inequality and long-term impacts on social welfare. Research has, however, shown a negative relationship between these two types of transfers. This paper adds to the literature by analysing this 'crowding out' hypothesis in a South African context, using the country's relatively generous state pension program and history of migratory remittance transfers as its basis. I use data from the first three waves of the National Income Dynamics Study, a nationally-representative panel survey from South Africa. To overcome problems of endogeneity, I use pension age-eligibility to instrument for reported pension receipt and use a sharp regression discontinuity design around the pension age-eligibility threshold to see the impact of pension receipt on the level of remittances received. The exogeneity of pension age-eligibility is critical. I first conduct my analysis using cross-sectional regressions on each wave at a household level before running an analysis on pooled panel data at an individual level. I use various transformations of the dependent variable and a range of different estimators to overcome the large presence of zero observations in and non-normal distribution of the data.en_ZA
dc.identifier.apacitationChennells, M. J. (2015). <i>Testing the relationship between public and private transfers : empirical evidence from South Africa</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/20029en_ZA
dc.identifier.chicagocitationChennells, Matthew John. <i>"Testing the relationship between public and private transfers : empirical evidence from South Africa."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2015. http://hdl.handle.net/11427/20029en_ZA
dc.identifier.citationChennells, M. 2015. Testing the relationship between public and private transfers : empirical evidence from South Africa. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Chennells, Matthew John AB - Financial transfers between individuals living away from their households play an important role in the reallocation of resources, particularly in developing countries. Likewise, the involvement of the State in society and public transfers of resources have been extensively documented as to their alleviation of poverty and inequality and long-term impacts on social welfare. Research has, however, shown a negative relationship between these two types of transfers. This paper adds to the literature by analysing this 'crowding out' hypothesis in a South African context, using the country's relatively generous state pension program and history of migratory remittance transfers as its basis. I use data from the first three waves of the National Income Dynamics Study, a nationally-representative panel survey from South Africa. To overcome problems of endogeneity, I use pension age-eligibility to instrument for reported pension receipt and use a sharp regression discontinuity design around the pension age-eligibility threshold to see the impact of pension receipt on the level of remittances received. The exogeneity of pension age-eligibility is critical. I first conduct my analysis using cross-sectional regressions on each wave at a household level before running an analysis on pooled panel data at an individual level. I use various transformations of the dependent variable and a range of different estimators to overcome the large presence of zero observations in and non-normal distribution of the data. DA - 2015 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Testing the relationship between public and private transfers : empirical evidence from South Africa TI - Testing the relationship between public and private transfers : empirical evidence from South Africa UR - http://hdl.handle.net/11427/20029 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/20029
dc.identifier.vancouvercitationChennells MJ. Testing the relationship between public and private transfers : empirical evidence from South Africa. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2015 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/20029en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherApplied Economicsen_ZA
dc.titleTesting the relationship between public and private transfers : empirical evidence from South Africaen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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