Welfare Dynamics under Time Limits

  title={Welfare Dynamics under Time Limits},
  author={J. T. Grogger},
Among the most important changes brought about by the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 (PRWORA) is the imposition of time limits. In this paper, we analyze a simple model in which a potential welfare recipient chooses how to allocate her time-limited endowment of benefits so as to maximize her expected lifetime utility… CONTINUE READING