PT - JOURNAL ARTICLE AU - Erik Hurst AU - James P. Ziliak TI - Do Welfare Asset Limits Affect Household Saving? AID - 10.3368/jhr.XLI.1.46 DP - 2006 Jan 01 TA - Journal of Human Resources PG - 46--71 VI - XLI IP - 1 4099 - http://jhr.uwpress.org/content/XLI/1/46.short 4100 - http://jhr.uwpress.org/content/XLI/1/46.full SO - J Hum Resour2006 Jan 01; XLI AB - 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 with children. We follow a sample of female heads with children and find that in both absolute terms, and relative to comparison groups of male heads and female heads without children, there has been no effect of welfare policy changes on the saving of at-risk households.