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

A-Tier
Journal: Journal of Human Resources
Year: 2002
Volume: 37
Issue: 3

Authors (2)

Michael P. Keane (UNSW Sydney) Kenneth I. Wolpin (not in RePEc)

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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. We use the stylized model and associated simulations from Part I as a guide in specifying the approximate decision rules that we estimate here. The estimates are based on data from the 1979 youth cohort of the National Longitudinal Surveys of Labor Market Experience (NLSY79).

Technical Details

RePEc Handle
repec:uwp:jhriss:v:37:y:2002:i:3:p:600-622
Journal Field
Labor
Author Count
2
Added to Database
2026-01-25