The Effects of Holding Assets on Social and Economic Outcomes of Families: A Review of Theory and Evidence

The Urban Institute, November 2008

39 Pages Posted: 24 Jan 2013

See all articles by Robert I. Lerman

Robert I. Lerman

The Urban Institute; American University; IZA Institute of Labor Economics

Signe-Mary McKernan

The Urban Institute - Center on Labor, Human Services and Population

Date Written: November 1, 2008

Abstract

This report examines the effects of asset-holding and asset accumulation on individuals and families from theoretical and empirical perspectives. The report pays special attention to the way assets affect low-income families, while recognizing that research on this topic is limited. The goal of the report is to distill the main findings from the vast theoretical and empirical literature on how assets influence economic and social well-being. The first step is to present a conceptual framework based largely on our classification of existing literature in economics, psychology, and sociology. The second step is to bring together the empirical findings relevant to the categories specified in the conceptual framework. The report concludes with suggestions for future research, especially related to the role of assets in the lives of low-income families.

Suggested Citation

Lerman, Robert I. and McKernan, Signe-Mary, The Effects of Holding Assets on Social and Economic Outcomes of Families: A Review of Theory and Evidence (November 1, 2008). The Urban Institute, November 2008, Available at SSRN: https://ssrn.com/abstract=2205819 or http://dx.doi.org/10.2139/ssrn.2205819

Robert I. Lerman

The Urban Institute ( email )

2100 M Street, NW
Washington, DC 20037
United States

American University

4400 Massachusetts Avenue NW
Washington, DC 20816-8044
United States

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Signe-Mary McKernan (Contact Author)

The Urban Institute - Center on Labor, Human Services and Population ( email )

United States

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