TY - BOOK ID - 137004392 TI - Private Interhousehold Transfers in Vietnam in the Early and Late 1990s PY - 2002 PB - Washington, D.C., The World Bank, DB - UniCat KW - Communities & Human Settlements KW - Crowding Out KW - Economic Growth KW - Farm Productivity KW - Finance and Financial Sector Development KW - Financial Literacy KW - Household Head KW - Household Income KW - Household Welfare KW - Human Capital KW - Human Capital Investment KW - Income KW - Income Redistribution KW - Income Transfers KW - Labor Policies KW - Land and Real Estate Development KW - Measures KW - Money Transfers KW - Municipal Housing and Land KW - Poor KW - Poverty KW - Poverty Impact Evaluation KW - Poverty Reduction KW - Private Interhousehold Transfers KW - Private Safety Nets KW - Private Sector Development KW - Private Transfers KW - Public Safety Nets KW - Real Estate Development KW - Rural Development KW - Rural Poverty Reduction KW - Services and Transfers to Poor KW - Social Protections and Labor KW - Social Security UR - https://www.unicat.be/uniCat?func=search&query=sysid:137004392 AB - Cox uses date from the 1992-93 and 1997-98 Vietnam Living Standards Survey (VLSS) to describe patterns of money transfers between households. Rapid economic growth during the 1990s did little to diminish the importance of private transfers in Vietnam. Private transfers are large and widespread in both surveys, and are much larger than public transfers. Private transfers appear to function like means-tested public transfers, flowing from better-off to worse-off households and providing old age support in retirement. Panel evidence suggests some hysteresis in private transfer patterns, but many households also changed from recipients to givers and vice versa between surveys. Changes in private transfers appear responsive to changes in household pre-transfer income, demographic changes, and life-course events. Transfer inflows rise upon retirement and widowhood, for example, and are positively associated with increases in health expenditures. It also appears that private transfer inflows increased for households affected by Typhoon Linda, which devastated Vietnam's southernmost provinces in late 1997. This paper is a product of Macroeconomics and Growth, Development Research Group. The study was funded by the Bank's Research Support Budget under the research project Economic Growth and Household Welfare: Policy Lessons from Vietnam. The author may be contacted at donald.cox@bc.edu. ER -