Skip to main content
Article thumbnail
Location of Repository

Measurement and identification of asset-poor households: a cross-national comparison of Spain and the United Kingdom

By Francisco Azpitarte

Abstract

This paper is concerned with the analysis of the wealth dimension of poverty in developed countries, which cannot be measured by means of information on household income. We focus on identifying the group of households that lack enough wealth holdings to sustain them during a period of economic crisis in order to quantify asset poverty, and its demographic weight, in two industrialized countries with particularly different household demographics and saving attitudes such as Spain and the United Kingdom. Our results show that the age profile of the asset poor is remarkably similar in the two countries. In both it is individuals in households whose head is under 45 years old who are more likely to be asset poor. However, some country-specific differences also arise. For instance, the incidence of wealth poverty in the United Kingdom is about twice that of Spain. Using counterfactual analysis we find that, although the different household demographics clearly contribute importantly to this result, there remains a significant part of the asset-poverty gap which is not explained by this relevant factor

Topics: HC Economic History and Conditions, HQ The family. Marriage. Woman
Publisher: Kluwer Academic Publishers
Year: 2011
DOI identifier: 10.1007/s10888-010-9135-2
OAI identifier: oai:eprints.lse.ac.uk:33734
Provided by: LSE Research Online
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://www.springer.com/econom... (external link)
  • http://eprints.lse.ac.uk/33734... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.