A Teaching Topic in Economic Analysis
Incentive Effects of Welfare Policy and the Design of Transfer Systems
This topic deals with the design of welfare policies and direct transfers of money to individuals that are intended to benefit economically disadvantaged members of society. Specifically, it discusses potential negative unintended consequences that can result from such policies and considers different program design strategies to reduce or eliminate these unintended consequences.
Topic Learning Outcome: Appropriately utilize and interpret results of
applying the principles of welfare economics to the analysis of public policy
and management problems.