Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54341
Authors: 
Caner, Asena
Wolff, Edward N.
Year of Publication: 
2004
Series/Report no.: 
Public policy brief // Jerome Levy Economics Institute of Bard College 76
Abstract: 
Economic growth and a rising stock market in the 1990s gave the impression that everyone was accumulating wealth and asset poverty rates were declining. The impression was supported by the official, income-based poverty measure, which exhibited a sharp decline. According to Senior Scholar Edward N. Wolff and Research Scholar Asena Caner, poverty measures should include wealth as well as income. Their study of asset poverty in the United States between 1984 and 1999 focuses on the lower end of the wealth distribution and shows that asset poverty rates did not decline during the period studied, and that the severity of poverty increased. It also shows that asset poverty is much more persistent than income poverty.
ISBN: 
1931493294
Document Type: 
Research Report

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