A dynamic model of welfare reform

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dc.contributor.author Chan, M
dc.date.accessioned 2014-04-03T01:53:34Z
dc.date.issued 2013-01
dc.identifier.citation Econometrica, 2013, 81 (3), pp. 941 - 1001
dc.identifier.issn 0012-9682
dc.identifier.other C1 en_US
dc.identifier.uri http://hdl.handle.net/10453/23450
dc.description.abstract A dynamic structural model of labor supply, welfare participation, and food stamp participation is estimated using the 1992, 1993, and 1996 panels of the Survey of Income and Program Participation. Details of various policies including welfare time limits, work requirements, and Earned Income Tax Credit (EITC) are incorporated formally in the budget constraint. Policy simulations reveal that the economy accounts for half of the increase in the labor supply of female heads of family between 1992 and 1999. A time limit results in a larger efficiency gain than a work requirement or a direct reduction in welfare benefits. A reform package can lead to both a reduction in the government expenditure and an improvement in utility. The EITC expansion results in a substantial efficiency gain among individuals with the lowest expected wage. These individuals are almost unaffected by the economic expansion, but their income and utility increase significantly under the reform package.
dc.publisher Wiley
dc.relation.isbasedon 10.3982/ECTA9075
dc.title A dynamic model of welfare reform
dc.type Journal Article
dc.parent Econometrica
dc.journal.volume 3
dc.journal.volume 81
dc.journal.number 3 en_US
dc.publocation US en_US
dc.identifier.startpage 941 en_US
dc.identifier.endpage 1001 en_US
dc.cauo.name BUS.Economics en_US
dc.conference Verified OK en_US
dc.for 1505 Marketing
dc.for 1403 Econometrics
dc.for 1401 Economic Theory
dc.personcode 115896
dc.percentage 34 en_US
dc.classification.name Economic Theory en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords Welfare reform; female labor supply; multiple program participation; discrete choice dynamic programming; time limit en_US
dc.description.keywords Chiropractic
dc.description.keywords General practice
dc.description.keywords Health services
dc.description.keywords Interdisciplinary care
dc.description.keywords Osteopathy
dc.description.keywords Primary care
dc.description.keywords Referral
dc.description.keywords Rural healthcare
dc.description.keywords Welfare reform
dc.description.keywords Welfare reform
dc.description.keywords female labor supply
dc.description.keywords female labor supply
dc.description.keywords multiple program participation
dc.description.keywords multiple program participation
dc.description.keywords discrete choice dynamic programming
dc.description.keywords discrete choice dynamic programming
dc.description.keywords time limit
dc.description.keywords time limit
dc.description.keywords Welfare reform
dc.description.keywords female labor supply
dc.description.keywords multiple program participation
dc.description.keywords discrete choice dynamic programming
dc.description.keywords time limit
dc.description.keywords Welfare reform
dc.description.keywords Welfare reform
dc.description.keywords female labor supply
dc.description.keywords female labor supply
dc.description.keywords multiple program participation
dc.description.keywords multiple program participation
dc.description.keywords discrete choice dynamic programming
dc.description.keywords discrete choice dynamic programming
dc.description.keywords time limit
dc.description.keywords time limit
dc.description.keywords Welfare reform
dc.description.keywords female labor supply
dc.description.keywords multiple program participation
dc.description.keywords discrete choice dynamic programming
dc.description.keywords time limit
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Economics


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