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Welfare Reform, Saving, and Vehicle Ownership:Do Asset Limits and Vehicle Exemptions Matter?
Welfare Reform Saving Vehicle Ownership Asset Limits Vehicle Exemptions Matter
2016/3/7
This paper examines whether AFDC/TANF asset tests affect the asset holdings of low-educated single mothers. Special emphasis is given to vehicle assets that make up a very significant share of total w...
Do Welfare Asset Limits Affect Household Saving?: Evidence from Welfare Reform
Welfare Asset Limits Household Saving Evidence Welfare Reform
2016/3/7
We use data from the Panel Study of Income Dynamics to estimate the effect of new saving incentives implemented as part of the 1996 welfare reform on household saving. Economic theory predicts that lo...