Caner, Asena; Wolff, Ed - EconWPA - 2002
Using PSID data for the years 1984 to 1999, we estimate the level and severity of asset poverty. Our results indicate … that the share of asset- poor households remained almost the same and the severity of poverty increased during this period … head, and homeownership, are important determinants of asset poverty. There seems to be a downward trend in the …