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Title: The Effects of Welfare Vehicle Asset Rules on Vehicle Assets
Resulting in 1 citation.
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Owens, Mark F. Baum, Charles L., II |
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The Effects of Welfare Vehicle Asset Rules on Vehicle Assets Applied Economics 44,13 (May 2012): 1603-1619. Also: http://www.tandfonline.com/doi/abs/10.1080/00036846.2010.548783 Cohort(s): NLSY79 Publisher: Taylor & Francis Keyword(s): Assets; Legislation; Temporary Assistance for Needy Families (TANF); Welfare Before 1996, households were typically ineligible for welfare if they had assets worth more than $1000, where $1500 from each vehicle's value was excluded from this determination. However, the 1996 welfare reform act began allowing states to increase their asset limits and vehicle exclusions. This may prompt low-income households to reallocate resources to or from vehicles. We examine the effects of state vehicle asset rules on vehicle assets. Results show that liberalizing asset rules increases vehicle assets and that this increase is driven largely by eligible individuals increasing vehicle assets, with no evidence indicating that ineligible individuals reduce vehicle assets to become eligible. |
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Bibliography Citation
Owens, Mark F. and Charles L. Baum. "The Effects of Welfare Vehicle Asset Rules on Vehicle Assets." Applied Economics 44,13 (May 2012): 1603-1619.
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