Transfer Payment

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Transfer Payment

Money that a government gives to individuals, usually through a social welfare program. For example, elderly people in the United States who have paid FICA taxes for a certain number of years receive a Social Security check from the government every month. This is a transfer payment. Another type of transfer payment is money given to a state or province with the proviso that it will fund the state or province's social welfare programs. For example, under the Personal Responsibility and Work Opportunity Reconciliation Act in the United States, each state receives a certain amount of money from the federal government to fund welfare and similar programs for the poor.
References in periodicals archive ?
18) Specifically, she raises her utility through greater leisure by replacing labor income with labor-free transfer income.
04 including capital gains Beta of indicated income source or measure with respect to aggregate (NIPA) pre-tax, pre- transfer income excluding capital gains Wages and salaries 0.
Since the provinces did not intend for the NCBS to increase transfer income for welfare recipients, most offset the transfer by lowering welfare benefit schedules dollar-for-dollar.
Even after the adjustments, property income (interest, dividends, rent) and means-tested transfer income data are of poor quality.
ht] = Household transfer income, divided by price index for C.
Kinsley wrote that it "should have great appeal to principled liberals as well as principled conservatives" because it would guarantee universal access, transfer income through the tax system to give the poor resources to buy care, and separate insurance from employment.
GENERATION-SKIPPING trusts transfer income or a remainder interest to second-generation beneficiaries.
The official poverty measure does not separate market and private transfer income sources from government sources.
For example, is it better to transfer income from the richest 20 percent to the poorest 20 percent households than to transfer income from the richest 20 percent to the poorest 30 percent households?
In 2010, the transfer income of the chemical goods warehousing of Zhuhai Xin Heng Quetta registered RMB 89.
A full-back who once generated PS2 million worth of transfer income for Rovers when he moved to Nottingham Forest in 1997, Rogers is also working for manager Micky Adams for the third time in his career.