Estimating Welfare Effects Consistent With Forward-Looking Behavior: Part I: Lessons From A Simulation Exercise.
An extensive literature in economics seeks to determine the quantitative impact of welfare benefits on economic and demographic behaviors. Most studies adopt a static choice framework to motivate their empirical specifications. The behaviors that are studied, however, have both immediate and long-te...
| Publicado en: | Journal of Human Resources Vol. 37; no. 3; pp. 570 - 600 |
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| Autores principales: | , |
| Formato: | Artículo |
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University of Wisconsin Press
Summer2002
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=507775432&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507775432 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0022166X JHR jtl: Journal of Human Resources issn: 0022166X maglogo: N pubinfo: dt: Summer2002 vid: 37 iid: 3 pid: 249 pub: University of Wisconsin Press artinfo: ui: 507775432 10.2307/3069682 ppf: 570 ppct: 30 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.3MB tig: atl: Estimating Welfare Effects Consistent With Forward-Looking Behavior: Part I: Lessons From A Simulation Exercise. aug: au: Keane, Michael P. Wolpin, Kenneth I. su: Human behavior Welfare recipients Welfare economics Contraceptives Simulation methods & models sug: subj: Human behavior Welfare recipients Welfare economics Contraceptives Simulation methods & models keyword: Welfare recipients -- Behavior ab: An extensive literature in economics seeks to determine the quantitative impact of welfare benefits on economic and demographic behaviors. Most studies adopt a static choice framework to motivate their empirical specifications. The behaviors that are studied, however, have both immediate and long-term consequences. If patential welfare recipients are forward looking, they will consider these long-term consequences when making current decisions. In this paper we investigate the implications of the existence of forward-looking behavior for estimation methodology. In the companion paper that follows, we estimate the effect of welfare on those decisions adopting an empirical specification that is consistent with forward-looking behavior and interpretable within that framework. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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