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Author: Fang, Hanming
Resulting in 3 citations.
1. Fang, Hanming
Silverman, Daniel Susman
Measuring Time-inconsistency: Evidence from Work-Welfare Decisions in NLSY
Working Paper, Department of Economics, Yale University, February 2001.
Also: http://www.econ.yale.edu/seminars/apmicro/am01/fang-010213.pdf
Cohort(s): NLSY79
Publisher: Department of Economics, Yale University
Keyword(s): Aid for Families with Dependent Children (AFDC); Labor Supply; Maternal Employment; Time Inconsistency; Time Preference; Welfare

Permission to reprint the abstract has not been received from the publisher.

This paper applies a model of potentially time-inconsistent preferences to the problem of dynamic labor supply and welfare program participation. From panel data on the choices of single women with children, we provide estimates of the degree of time-inconsistency. With these estimates we can quantify the utility loss stemming from the inability to commit to future decisions, and the potential value of commitment mechanisms such as welfare time limits.
Bibliography Citation
Fang, Hanming and Daniel Susman Silverman. "Measuring Time-inconsistency: Evidence from Work-Welfare Decisions in NLSY." Working Paper, Department of Economics, Yale University, February 2001.
2. Fang, Hanming
Silverman, Daniel Susman
Time-Inconsistency and Welfare Program Participation: Evidence from the NLSY
International Economic Review 50,4 (November 2009): 1043-1077.
Also: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1495267
Cohort(s): NLSY79
Publisher: Blackwell Publishing, Inc. => Wiley Online
Keyword(s): Aid for Families with Dependent Children (AFDC); Labor Supply; Maternal Employment; Parents, Single; Time Inconsistency; Time Preference; Welfare

We empirically implement a dynamic structural model of labor supply and welfare program participation for agents with potentially time-inconsistent preferences. Using panel data on the choices of single women with children from the National Longitudinal Surveys (NLSY) 1979, we provide estimates of the degree of time-inconsistency, and of its influence on the welfare take-up decision. With these estimates, we conduct counterfactual experiments to quantify a measure of the utility loss stemming from the inability to commit to future decisions, and the potential gains from commitment mechanisms such as welfare time limits and work requirements.
Bibliography Citation
Fang, Hanming and Daniel Susman Silverman. "Time-Inconsistency and Welfare Program Participation: Evidence from the NLSY ." International Economic Review 50,4 (November 2009): 1043-1077.
3. Fang, Hanming
Silverman, Daniel Susman
Time-Inconsistency and Welfare Program Participation: Evidence from the NLSY
Cowles Foundation Discussion Paper No. 1465, Cowles Foundation for Research in Economics, Yale University, July 2005.
Cohort(s): NLSY79
Publisher: Cowles Foundation for Research and Economics, Yale University
Keyword(s): Aid for Families with Dependent Children (AFDC); Labor Supply; Maternal Employment; Time Inconsistency; Time Preference; Welfare

Permission to reprint the abstract has not been received from the publisher.

We empirically implement a dynamic structural model of labor supply and welfare program participation for agents with potentially time-inconsistent preferences. Using panel data on the choices of single women with children from the NLSY 1979, we provide estimates of the degree of time-inconsistency, and of its influence on the welfare take-up decision. With these estimates, we conduct counterfactual experiments to quantify the utility loss stemming from the inability to commit to future decisions, and the potential utility gains from commitment mechanisms such as welfare time limits and work requirements.
Bibliography Citation
Fang, Hanming and Daniel Susman Silverman. "Time-Inconsistency and Welfare Program Participation: Evidence from the NLSY." Cowles Foundation Discussion Paper No. 1465, Cowles Foundation for Research in Economics, Yale University, July 2005.