Does means-testing welfare discourage saving? Evidence from the National Longitudinal Survey of Women

Elizabeth Powers

No 9519, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: An empirical test of AFDC's asset limit, finding that after correcting for the potential endogeneity of policy, a $1 difference in limits implies a difference in potential AFDC recipients' wealth of 30 cents. ; This paper uses a stochastic cost frontier to examine the scale economies, cost efficiencies, and technological change of three payments instruments--check, automated clearinghouse (ACH) transfers, and Fedwire processing--provided by the Federal Reserve over the period 1990-94.

Keywords: Saving and investment; Welfare (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:9519

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DOI: 10.26509/frbc-wp-199519

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