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The Effects of Vehicle Asset Rules on Vehicle Assets

Author

Listed:
  • Charles L. Baum II
  • Mark F. Owens

Abstract

Before 1996, households were typically ineligible for welfare if they had assets worth more than $1,000, where $1,500 from each vehicle’s value was excluded from this determination. However, the 1996 welfare reform act began allowing states to increase their asset limits and vehicle exclusions. This may prompt low-income households to reallocate resources to or from vehicles. We examine the effects of state vehicle asset rules on vehicle assets. Results show liberalizing asset rules increases vehicle assets and that this increase is driven largely by eligible individuals increasing vehicle assets, with no evidence indicating ineligible individuals reduce vehicle assets to become eligible.

Suggested Citation

  • Charles L. Baum II & Mark F. Owens, 2010. "The Effects of Vehicle Asset Rules on Vehicle Assets," Working Papers 201001, Middle Tennessee State University, Department of Economics and Finance.
    • Handle: RePEc:mts:wpaper:201001
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    File URL: http://capone.mtsu.edu/berc/working/BaumOwens-1.pdf
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    Cited by:

    1. Dutko, Paula & Ver Ploeg, Michele & Farrigan, Tracey, 2012. "Characteristics and Influential Factors of Food Deserts," Economic Research Report 262229, United States Department of Agriculture, Economic Research Service.
    2. Ver Ploeg, Michele & Breneman, Vince & Dutko, Paula & Williams, Ryan & Snyder, Samantha & Dicken, Chris & Kaufman, Phillip, 2012. "Access to Affordable and Nutritious Food: Updated Estimates of Distance to Supermarkets Using 2010 Data," Economic Research Report 262227, United States Department of Agriculture, Economic Research Service.
    3. Ver Ploeg, Michele & Mancino, Lisa & Todd, Jessica E. & Clay, Dawn Marie & Scharadin, Benjamin, 2015. "Where Do Americans Usually Shop for Food and How Do They Travel To Get There? Initial Findings from the National Household Food Acquisition and Purchase Survey," Economic Information Bulletin 262116, United States Department of Agriculture, Economic Research Service.
    4. Dutko, Paula & Ver Ploeg, Michele & Farrigan, Tracey L., 2012. "Retail Wastelands: Characteristics and Influential Factors of Food Deserts," 2012 AAEA/EAAE Food Environment Symposium 123201, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    Welfare; asset rules; vehicles;
    All these keywords.

    JEL classification:

    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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