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Asset Poverty in the United States, 1984-1999

Author

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  • Asena Caner
  • Edward Wolff

Abstract

Assets in the United States are distributed even more unequally than income, though they can be vital to an individual's standard of living. The authors present a comprehensive assessment of the distribution of assets in the United States and calculate an asset poverty line below which an individual cannot meet his or her basic needs.

Suggested Citation

  • Asena Caner & Edward Wolff, 2004. "Asset Poverty in the United States, 1984-1999," Challenge, Taylor & Francis Journals, vol. 47(1), pages 5-52.
  • Handle: RePEc:mes:challe:v:47:y:2004:i:1:p:5-52
    DOI: 10.1080/05775132.2004.11034235
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    File URL: http://hdl.handle.net/10.1080/05775132.2004.11034235
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    Citations

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    Cited by:

    1. Bilbiie, Florin O. & Straub, Roland, 2012. "Changes in the output Euler equation and asset markets participation," Journal of Economic Dynamics and Control, Elsevier, vol. 36(11), pages 1659-1672.
    2. Florin O. Bilbiie & Roland Straub, 2013. "Asset Market Participation, Monetary Policy Rules, and the Great Inflation," The Review of Economics and Statistics, MIT Press, vol. 95(2), pages 377-392, May.
    3. Edward N. Wolff & Ajit Zacharias & Asena Caner, 2005. "Household wealth, public consumption and economic well-being in the United States," Cambridge Journal of Economics, Oxford University Press, vol. 29(6), pages 1073-1090, November.
    4. Francisco Azpitarte, 2008. "Measurement and Identification of Asset-Poor Households: A Cross-National Comparison of Spain and the United Kingdom," Working Papers 105, ECINEQ, Society for the Study of Economic Inequality.
    5. Francisco Azpitarte, 2010. "Measuring poverty using both income and wealth: A cross-country comparison between the U.S. and Spain," Working Papers 153, ECINEQ, Society for the Study of Economic Inequality.
    6. Fisher, Monica & Weber, Bruce A., 2004. "Does Economic Vulnerability Depend on Place of Residence? Asset Poverty across Metropolitan and Nonmetropolitan Areas," The Review of Regional Studies, Southern Regional Science Association, vol. 34(2), pages 137-155.
    7. Bilbiie, Florin Ovidiu, 2017. "The New Keynesian Cross: Understanding Monetary Policy with Hand-to-Mouth Households," CEPR Discussion Papers 11989, C.E.P.R. Discussion Papers.

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