Owens, Mark F.; Baum, Charles L. - In: Applied Economics 44 (2012) 13, pp. 1603-1619
Before 1996, households were typically ineligible for welfare if they had assets worth more than $1000, where $1500 from each vehicle's value was excluded from this determination. However, the 1996 welfare reform act began allowing states to increase their asset limits and vehicle exclusions....