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Impact Of Welfare Participation During Childhood On Adult Income, Curran A. Prettyman
Impact Of Welfare Participation During Childhood On Adult Income, Curran A. Prettyman
Lewis Honors College Capstone Collection
This paper analyzes the impact of welfare participation during childhood on adult income. In the United States, welfare programs have a long history originating from the 1800s, and over $20 billion are currently allocated to various anti-poverty programs, such as Aid to Families with Dependent Children and Supplemental Security Income. Many people believe that these programs effectively eradicate childhood poverty. However, ordinary least squares and instrumental variables regression models suggest welfare programs are counterproductive. On average, holding all else constant, with 95% confidence, the total dollar amount of funding received from welfare programs during childhood is statistically significant to a …