Time-inconsistency and welfare program participation
evidence from the NLSY
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Author
Contributions
- Silverman, Dan - Contributor
- National Bureau of Economic Research. - Contributor
Publication
2007 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
14,000 words, Guess
Page Count
56 pages
Identifiers
- OCLC Control Number173619699
- Open LibraryOL17635092M
Description
We empirically implement a dynamic structural model of labor supply and welfare program participation for never-married mothers with potentially time-inconsistent preferences. Using panel data on the choices of single women with children from the NLSY 1979, we provide estimates of the degree of time-inconsistency, and of its influence on the welfare take-up decision. With these estimates, we conduct counterfactual experiments to quantify the utility loss stemming from the inability to commit to future decisions, and the potential utility gains from commitment mechanisms such as welfare time limits and work requirements.
Subjects
Topics
Places
Series Statement
- NBER working paper series -- no. 13375.
- Working paper series (National Bureau of Economic Research) -- working paper no. 13375.
Links
Other Editions
- Time-inconsistency and welfare program participation: evidence from the NLSY
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