By 1989 the Michigan Panel Study on Income Dynamics (PSID) had experienced approximately 50 percent sample loss from cumulative attrition from its initial 1968 membership. We study the effect of this attrition on the unconditional distributions of several socioeconomic variables and on the...

A long-standing issue in the literature on education is whether marginal returns to education fall as education rises. If the population differs in its rate of return, a closely related question is whether marginal returns to higher education fall as a greater fraction of the population enrolls....

Work requirements in means-tested transfer programs have grown in importance in the U.S. and in some other countries. The theoretical literature which considers their possible optimality generally operates within a traditional welfarist framework where some function of the utility of the poor is...

The labor supply and other work incentive effects of welfare programs have long been a central concern in economic research. Work has also been an increasing focus of policy reforms in the U.S., culminating with a number of major policy changes in the 1990s whose intent was to increase...

The Temporary Assistance for Needy Families (TANF) program was created in 1996 from what was previously named the Aid to Families with Dependent Children (AFDC) program. The TANF program is intended to serve low-income families, primarily those with only a single parent present, as did the AFDC...

The system of means-tested transfers in the U.S. has evolved in important ways over the last decade, with significant expansions of Medicaid , the Earned Income Tax Credit, and the Supplemental Security Income program, and with significant contraction in Aid to Families with Dependent Children,...

It is well-known that real benefits in the major cash transfer program in the U.S. -- the Aid to Families with Dependent Children (AFDC) program -- have fallen drastically over the past twenty years. State legislatures, which set AFDC benefit levels, have failed to increase nominal benefits to...

This volume collects a series of essays by prominent economists on each of the major means-tested, or welfare, programs in the United States: the Medicaid, Earned Income Tax Credit, Supplemental Nutrition Assistance, Temporary Assistance for Needy Families, Supplemental Security Income,...

Nominal wage stickiness is an important component of recent medium-scale structural macroeconomic models, but to date there has been little microeconomic evidence supporting the assumption of sluggish nominal wage adjustment. We present evidence on the frequency of nominal wage adjustment using...