Does means-testing welfare discourage saving? Evidence from the National Longitudinal Survey of Women
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.
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- Jonathan Skinner, 1993.
"Is Housing Wealth a Sideshow?,"
NBER Working Papers
4552, National Bureau of Economic Research, Inc.
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