Estimating Welfare Effects Consistent with Forward-Looking Behavior. Part Ii: Empirical Results

41 Pages Posted: 25 May 2001

See all articles by Michael P. Keane

Michael P. Keane

Arizona State University (ASU) - Economics Department; University of Technology, Sydney (Visiting July 2006-Present)

Kenneth I. Wolpin

University of Pennsylvania - Department of Economics

Date Written: December 2000

Abstract

In this paper, we provide estimates of welfare benefit effects on a set of behaviors that includes welfare participation, fertility, marriage, work and schooling using approximations to the decision rules that would be derived from an explicit dynamic optimization problem. The estimates are based on data from the 1979 youth cohort of the National Longitudinal Surveys of Labor Market Experience (NLSY79).

Suggested Citation

Keane, Michael P. and Wolpin, Kenneth I., Estimating Welfare Effects Consistent with Forward-Looking Behavior. Part Ii: Empirical Results (December 2000). Available at SSRN: https://ssrn.com/abstract=269964 or http://dx.doi.org/10.2139/ssrn.269964

Michael P. Keane

Arizona State University (ASU) - Economics Department ( email )

Tempe, AZ 85287-3806
United States

University of Technology, Sydney (Visiting July 2006-Present)

PO Box 123 Broadway
NSW 2007
Australia
480-965-1053 (Phone)
480-965-0748 (Fax)

Kenneth I. Wolpin (Contact Author)

University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
133 South 36th Street
Philadelphia, PA 19104-6297
United States
215-898-7708 (Phone)
215-573-2057 (Fax)