The Effects of Welfare and IDA Program Rules on the Asset Holdings of Low-Income Families

Posted: 23 Jan 2013 Last revised: 5 Feb 2013

See all articles by Signe-Mary McKernan

Signe-Mary McKernan

The Urban Institute - Center on Labor, Human Services and Population

Caroline E. Ratcliffe

The Urban Institute - Labor and Social Policy Center

Yunju Nam

Washington University in St. Louis

Date Written: September 1, 2007

Abstract

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.

Keywords: poverty, safety net

Suggested Citation

McKernan, Signe-Mary and Ratcliffe, Caroline E. and Nam, Yunju, The Effects of Welfare and IDA Program Rules on the Asset Holdings of Low-Income Families (September 1, 2007). Social Science Research , Vol. 39, No. 1, 2010. Available at SSRN: https://ssrn.com/abstract=2205809

Signe-Mary McKernan (Contact Author)

The Urban Institute - Center on Labor, Human Services and Population ( email )

United States

Caroline E. Ratcliffe

The Urban Institute - Labor and Social Policy Center ( email )

2100 M Street, NW
Washington, DC 20037
United States
202-261-5548 (Phone)
202-463-8522 (Fax)

Yunju Nam

Washington University in St. Louis ( email )

One Brookings Drive
Campus Box 1208
Saint Louis, MO MO 63130-4899
United States

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