PT  - JOURNAL ARTICLE
AU  - Sullivan, James X.
TI  - Welfare Reform, Saving, and Vehicle Ownership
AID  - 10.3368/jhr.XLI.1.72
DP  - 2006 Jan 01
TA  - Journal of Human Resources
PG  - 72--105
VI  - XLI
IP  - 1
4099  - http://jhr.uwpress.org/content/XLI/1/72.short
4100  - http://jhr.uwpress.org/content/XLI/1/72.full
SO  - J Hum Resour2006 Jan 01; XLI
AB  - This paper examines whether AFDC/TANF asset tests affect the asset holdings of low-educated single mothers. Special emphasis is given to vehicle assets that make up a very significant share of total wealth for poor families. Consistent with other recent research, I find little evidence that asset limits have an effect on the amount of liquid assets that single mothers hold. However, I find evidence that vehicle exemptions do have an important effect on vehicle assets. Also, the results indicate that single mothers are not substituting vehicle equity for liquid assets in response to more relaxed restrictions on vehicles.