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Assets and the Poor
Book • 1992
Michael Sherraden's 'Assets and the Poor' argues for shifting social policy from income maintenance to asset-building, proposing Individual Development Accounts to help low-income families accumulate wealth.
The book outlines how asset-based welfare could change incentives and life chances by creating owned assets for poor households and children.
Sherraden grounds his proposal in research and policy analysis, examining barriers that prevent low-income people from saving and investing.
He also discusses administrative and program design issues, and presents evidence for how assets produce different effects than consumption support alone.
The book has been influential in shaping child savings account and 'baby bonds' policy discussions globally since its 1991 publication.
The book outlines how asset-based welfare could change incentives and life chances by creating owned assets for poor households and children.
Sherraden grounds his proposal in research and policy analysis, examining barriers that prevent low-income people from saving and investing.
He also discusses administrative and program design issues, and presents evidence for how assets produce different effects than consumption support alone.
The book has been influential in shaping child savings account and 'baby bonds' policy discussions globally since its 1991 publication.
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Catherine Edwards
Can $1,000 at Birth Make Us a Country of Savers?
