Caner, Asena; Wolff, Edward N. - In: Review of Income and Wealth 50 (2004) 4, pp. 493-518
Using PSID data for the years 1984-99, we estimate the level and severity of asset poverty. We find that despite a sharp decline in the official poverty rate, the asset poverty rate barely budged over this period. Moreover, the severity of asset poverty increased during this period. The...
