IDEAS home Printed from https://ideas.repec.org/a/rre/publsh/v34y2004i2p137-55.html
   My bibliography  Save this article

Does Economic Vulnerability Depend on Place of Residence? Asset Poverty across Metropolitan and Nonmetropolitan Areas

Author

Listed:
  • Fisher, Monica

    (U MO and OR State U)

  • Weber, Bruce A.

    (OR State U)

Abstract

This paper uses PSID data for 1989, 1994, and 1999 to examine why some U.S. households are asset poor, i.e., why households have insufficient resources to invest in their future or to sustain household members at a basic level during times of economic disruption. The study contributes to an improved understanding of asset poverty's correlates by examining the influence of place of residence; the extant literature has focused on individual-level explanations. We estimate a random-effects logistic model of the probability that an individual is asset poor at a given point in time as a function of household (e.g. gender and race of the head; family structure) and place (region and metropolitan or nonmetropolitan county) variables. The central finding of the paper is that place of residence is an important determinant of asset poverty, above and beyond the influence of household characteristics. We find that living in a central metropolitan county and in a nonmetropolitan area is associated with a higher risk of being asset poor, all else being equal.

Suggested Citation

  • 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.
  • Handle: RePEc:rre:publsh:v:34:y:2004:i:2:p:137-55
    as

    Download full text from publisher

    File URL: http://journal.srsa.org/ojs/index.php/RRS/article/view/83/34
    Download Restriction: no

    References listed on IDEAS

    as
    1. Charles Brown & Greg J. Duncan & Frank P. Stafford, 1996. "Data Watch: The Panel Study of Income Dynamics," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 155-168, Spring.
    2. Stevens, Ann Huff, 1994. "The Dynamics of Poverty Spells: Updating Bane and Ellwood," American Economic Review, American Economic Association, vol. 84(2), pages 34-37, May.
    3. Gary Dymski, 1996. "Business strategy and access to capital in inner-city revitalization," The Review of Black Political Economy, Springer;National Economic Association, vol. 24(2), pages 51-65, December.
    4. Asena Caner & Edward Wolff, 2004. "Asset Poverty in the United States, 1984-1999," Challenge, Taylor & Francis Journals, vol. 47(1), pages 5-52.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:gam:jscscx:v:7:y:2018:i:4:p:54-:d:139396 is not listed on IDEAS
    2. Marre, Alexander W., 2014. "Rural and Urban Differences in Household Wealth Accumulation: What Role Do Demographics, Wages and Property Values Play?," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170473, Agricultural and Applied Economics Association.
    3. Bola Awotide & Arega Alene & Tahirou Abdoulaye & Victor Manyong, 2015. "Impact of agricultural technology adoption on asset ownership: the case of improved cassava varieties in Nigeria," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 7(6), pages 1239-1258, December.

    More about this item

    Keywords

    Poor;

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rre:publsh:v:34:y:2004:i:2:p:137-55. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher Yencha). General contact details of provider: http://www.srsa.org .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.