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Title: Does Mean-Testing Welfare Discourage Saving? Evidence from a Change in AFDC Policy in the United States
Resulting in 1 citation.
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Powers, Elizabeth T. |
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Does Mean-Testing Welfare Discourage Saving? Evidence from a Change in AFDC Policy in the United States Journal of Public Economics 68,1 (April 1998): 33-53. Also: http://www.sciencedirect.com/science/article/pii/S004727279700087X Cohort(s): Young Women Publisher: Elsevier Keyword(s): Aid for Families with Dependent Children (AFDC); Household Structure; Savings; Welfare Empirical evidence is provided on the impact of a welfare program's asset test on the saving behavior of its target population. The approach exploits a policy experiment; the essential federalization of the AFDC program's asset-testing policy in 1981. Data on female-headed households from the National Longitudinal Survey - Young Women are used to test the hypothesis that likely AFDC users adjusted their asset stocks in response to this change. The findings indicate additional saving between 1978 and 1983 of about 25 cents for each additional $1 increase in the limit in most states. |
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Bibliography Citation
Powers, Elizabeth T. "Does Mean-Testing Welfare Discourage Saving? Evidence from a Change in AFDC Policy in the United States." Journal of Public Economics 68,1 (April 1998): 33-53.
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