This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 50% (.50). At how many hours worked will she not be eligible for TANF benefits? How does the TANF program change the single mothers single mothers budget constraint . Show on your graphs from part A. Write equations representing her budget constraint. C. Suppose the single mothers utility function is: U=100 x ln(C) + 175 x ln(L). How is her labor supply (# hours worked) affected by the introduction of the TANF program? Does this result generalize to all TANF recipients? Explain....
View Full Document
- Spring '08