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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This article analyzes the influence of financial behaviors on the duration out of asset poverty while controlling for households' life cycle and demographic characteristics.
Physical Description
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.
Publication Title:
Journal of Family and Economic Issues
Volume:
35
Issue:
2
Page Start:
131
Page End:
144
Peer Reviewed:
Yes
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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.
(https://digital.library.unt.edu/ark:/67531/metadc1062090/:
accessed February 13, 2025),
University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu;
crediting UNT College of Arts and Sciences.