The effects of welfare vehicle asset rules on vehicle assets

Autor:	Mark F. Owens, Charles L. Baum
Rok vydání:	2012
Předmět:	Finance Economics and Econometrics business.industry media_common.quotation_subject Value (economics) Economics Asset (economics) Book value business Welfare Welfare reform media_common
Zdroj:	Applied Economics. 44:1603-1619
ISSN:	1466-4283 0003-6846
DOI:	10.1080/00036846.2010.548783
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::16cd46eba369993eb55a1cf2d1cb32fb https://doi.org/10.1080/00036846.2010.548783 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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