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来源类型Working Paper
规范类型报告
DOI10.3386/w10487
来源IDWorking Paper 10487
Do Welfare Asset Limits Affect Household Saving? Evidence from Welfare Reform
Erik Hurst; James P. Ziliak
发表日期2004-05-17
出版年2004
语种英语
摘要In this paper, we use household-level data from the Panel Study of Income Dynamics to examine the impact of new saving incentives that were implemented as part of the overhaul of U.S. welfare policy during the mid-1990s on the saving of households at risk of entering welfare. The Temporary Assistance to Needy Families program devolved responsibility of program rules to the states, and many states have responded by relaxing liquid asset and vehicle-equity limits that determine program eligibility, and by introducing time limits on benefit receipt. According to the recent theoretical work and statements made by public officials, such policies are predicted to increase total savings for those households who have a large ex-ante probability of welfare receipt such as female-headed households with children. We follow a sample of female heads with children from 1994 to 2001 and find that in both absolute terms, and relative to comparison groups of male heads and female heads without children, there has been no impact of welfare policy changes on the saving of at-risk households.
主题Macroeconomics ; Consumption and Investment ; Public Economics ; Taxation
URLhttps://www.nber.org/papers/w10487
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/568116
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Erik Hurst,James P. Ziliak. Do Welfare Asset Limits Affect Household Saving? Evidence from Welfare Reform. 2004.
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