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Perverse Effects of Welfare Programs by Shreyansh Kujur is a document available to read on EtoBox.

What is Perverse Effects of Welfare Programs about?

The document discusses how behavioral economics can help resolve a paradox regarding the welfare state. Standard microeconomic theory suggests that expanding choices through welfare programs cannot make people worse off. However, critics argue that welfare programs perversely harm the poor. Behavioral economics shows people systematically deviate from rational decision making in ways like overestimating short-term benefits and underestimating long-term costs. This helps explain how welfare programs could un

Author

Shreyansh Kujur

Language

EN