Is Household Wealth Sustainable? An Examination of Asset Poverty Reentry after an Exit

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This article analyzes the influence of financial behaviors on the duration out of asset poverty while controlling for households' life cycle and demographic characteristics.

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39 p.

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Leonard, Tammy & Di, Wenhua March 24, 2013.

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This article analyzes the influence of financial behaviors on the duration out of asset poverty while controlling for households' life cycle and demographic characteristics.

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39 p.

Notes

Abstract: This paper analyzed the influence of financial behaviors on the duration out of asset
poverty while controlling for households’ life cycle and demographic characteristics. We
found evidence for the existence of structural barriers to asset acquisition. Asset
accumulation at or above levels equal to nine-months worth of income at the incomepoverty
level was important for improving a household’s odds of permanently escaping
asset poverty, but a linear relationship between asset accumulation and the likelihood of
returning to asset poverty did not emerge. Moreover, minimizing debt and diversifying
the asset portfolio to include more productive assets were positively related to
maintaining assets; but households should also consider the risks associated with
portfolio allocations.

This is a post-peer-review, pre-copyedit version of an article published in Journal of Family and Economic Issues. The final authenticated version is available online at: http://dx.doi.org/10.1007/s10834-013-9357-0.

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  • Journal of Family and Economic Issues, 2014. New York, NY: Springer

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  • Publication Title: Journal of Family and Economic Issues
  • Volume: 35
  • Issue: 2
  • Pages: 131-144
  • Peer Reviewed: Yes

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  • March 24, 2013

Added to The UNT Digital Library

  • Jan. 23, 2018, 5:28 a.m.

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Leonard, Tammy & Di, Wenhua. Is Household Wealth Sustainable? An Examination of Asset Poverty Reentry after an Exit, article, March 24, 2013; New York, New York. (digital.library.unt.edu/ark:/67531/metadc1062090/: accessed June 17, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT College of Arts and Sciences.