Brief The Effects of Welfare and IDA Program Rules on the Asset Holdings of Low-Income Families
Signe-Mary McKernan, Caroline Ratcliffe, Yunju Nam
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This report examines the effects of a comprehensive set of 13 welfare, Food Stamp, individual development account (IDA), earned income tax credit (EITC), and minimum wage program rules on the asset holdings of low-education single mothers and families. This report finds empirical evidence that more lenient asset limits in means-tested programs and more generous IDA program rules may have positive effects on asset holdings of low-education single mothers and families.
Research Areas Economic mobility and inequality Wealth and financial well-being Social safety net
Tags Poverty Low-Income Home Energy Assistance Program (LIHEAP) Asset and debts Temporary Assistance for Needy Families (TANF) State programs, budgets Hunger and food assistance Income and wealth distribution Financial stability