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Journal Article
A new idea for welfare reform
Keane, Michael P. (1995-04)
This article analyzes several proposals to build work incentives into the U.S. welfare system. It concludes that the most cost effective way to do that is to offer a work subsidy to all low-income single parents?in other words, to simply pay them for working in the labor market. This conclusion is based on a model of the labor force participation behavior of low-income single mothers that the author developed with Robert Moffitt. Among the proposals evaluated in the article, besides the work subsidy, are proposals to reduce the rate that welfare benefits are reduced when welfare recipients ...
Quarterly Review , Volume 19 , Issue Spr , Pages 2-28

Working Paper
Fertility and welfare participation
Powers, Elizabeth T. (1995)
A look at some basic questions about the phenomenon of welfare births using data from the March 1987 Current Population Survey and the National Longitudinal Survey of Youth. ; An analysis of the quantitative effects of agency costs in a real business cycle model, showing that these costs can explain why output growth displays positive autocorrelation at short horizons. ; An analysis of the quantitative effects of agency costs in a real business cycle model, showing that these costs can explain why output growth displays positive autocorrelation at short horizons.
Working Papers (Old Series) , Paper 9516

Journal Article
\"Tough Love\": implications for redistributive policy
Saving, Jason L. (1997-07)
Jason Saving explores the economic and political implications of "tough love" for redistributive policy. The American welfare system unquestionably helps support the least fortunate among us, but, in making poverty less onerous, it may discourage employment among some individuals. Traditional notions of altruism assume that compassion for the poor is measured by one's willingness to redistribute income but to the extent that more generous support for the poor actually encourages recipiency, welfare programs simultaneously mitigate and exacerbate the problem of poverty. A "new ...
Economic and Financial Policy Review , Issue Q III , Pages 25-29

Journal Article
Reforming Social Security: a welfare analysis
Pecchenino, Rowena A.; Pollard, Patricia S. (1998-03)
Review , Issue Mar , Pages 19-30

Journal Article
Welfare finance reform: District states could face funding challenges
Ferguson, Deron (1994-07)
Welfare finance reform could have a substantial fiscal impact on the budgets of some states in the Tenth district, although the ability to cope with reform will vary from state to state. This article discusses some of the proposed changes in welfare funding and the effect they may have on the states in the Tenth District. Each state's ability to offset potential reductions in welfare funding will depend on their own budget resources and whether additional funds are provided to states with limited resources and higher administrative costs.
Regional Economic Digest , Issue Q III , Pages 7-14

Newsletter
Welfare reform and state budgets
McGranahan, Leslie (1999-01)
Chicago Fed Letter , Issue Jan

Discussion Paper
The social discount rate
Caplin, Andrew; Leahy, John V. (2001)
In welfare theory it is standard to pick the consumption stream that maximizes the welfare of the representative agent. We argue against this position, and show that a benevolent social planner will generally place a greater weight on future consumption than does the representative agent.
Discussion Paper / Institute for Empirical Macroeconomics , Paper 137

Journal Article
Some pleasant economic side effects
Saving, Jason L.; Cox, W. Michael (2000-07)
Southwest Economy , Issue Jul , Pages 7-9

Journal Article
Effects of welfare reform on Western States
Mattey, Joe P. (1996)
FRBSF Economic Letter

Working Paper
Managing Macroeconomic Fluctuations with Flexible Exchange Rate Targeting
Mihov, Ilian; Heipertz, Jonas; Santacreu, Ana Maria (2021-09-30)
We show that a monetary policy rule that uses the exchange rate to stabilize the economy can outperform a Taylor rule in managing macroeconomics fluctuations and in achieving higher welfare. The differences between the rules are driven by: (i) the paths of the nominal exchange rate and the interest rate under each rule and (ii) time variation in the risk premium, which leads to deviations from uncovered interest parity. These differences are larger in economies, which are very open, which are more exposed to foreign shocks, or in which domestic and foreign goods are highly substitutable.
Working Papers , Paper 2017-028

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