Plausibly Exogenous [688] - Transfers (12/07/2021)
LHS Variable
Growth
RHS Variable
US federal transfers to individuals
Source of Exogenous Variation
Regional variation in permanent Social Security benefit increases (over the period 1952–1974) and one-off stimulus payments (in 2001 and 2008)
- Pennings (2021), “Cross-Region Transfer Multipliers in a Monetary Union: Evidence from Social Security and Stimulus Payments”