We use data from the Panel Study of Income Dynamics to estimate the effect of new saving incentives implemented as part of the 1996 welfare reform on household saving. Economic theory predicts that loosening asset limits will increase total savings for households with a large ex-ante probability of welfare receipt such as female-headed households…

This paper analyzes the sources of disparities in the relative wealth position of Mexican Americans. Results reveal that--unlike the racial wealth gap--Mexican Americans' wealth disadvantage is in large part not the result of differences in wealth distributions conditional on the underlying determinants of wealth. Rather, Mexican Americans' wealth…

This paper uses data from the 1970, 1980, and 1990 Censuses to investigate the impact of welfare benefits across Metropolitan Statistical Areas (MSAs) on the incidence of single motherhood and headship for young women. A contribution of the paper is the inclusion of both MSA fixed effects and MSA-specific time trends to account for fixed and…

Expanding welfare benefits to include two-parent families has long been considered an option for a public policy designed to strengthen family units. Findings suggest that these families would be better aided by wage subsidies that reduce unemployment of family heads and raise earnings of the family's working members. (JOW)