Transfer payments multiplier

In Keynesian economics, the transfer payments multiplier (or transfer payment multiplier) is the multiplier by which aggregate demand will increase when there is an increase in transfer payments (e.g., welfare spending, unemployment payments). Transfer payments are not in the same theoretical category as government spending on goods and services because such payments are not directly injected into a goods market.

Source: Wikipedia — Transfer payments multiplier (CC BY-SA 4.0)