1st Edition

Assets and the Poor
New American Welfare Policy





ISBN 9781563240669
Published February 28, 1992 by Routledge
344 Pages

USD $46.95

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Book Description

This work proposes a new approach to welfare: a social policy that goes beyond simple income maintenance to foster individual initiative and self-sufficiency. It argues for an asset-based policy that would create a system of saving incentives through individual development accounts (IDAs) for specific purposes, such as college education, homeownership, self-employment and retirement security. In this way, low-income Americans could gain the same opportunities that middle- and upper-income citizens have to plan ahead, set aside savings and invest in a more secure future.

Table of Contents

Tables and Figures

Foreword Neil Gilbert

Preface and Acknowledgements

Part I: Maintenance: Welfare as Income

1. The Failure of Welfare Policy as a Failure of National Vision

2. Income Distribution and Income Poverty

3. The State of Welfare Theory

4. Federal Welfare Policy—Who Benefits?

5. The Welfare Reform Debate

Part II: Development: Welfare as Assets

6. The Nature and Distribution of Assets

7. Inheritance of Asset Inequality

8. Toward a Theory of Welfare Based on Assets

9. The Design of Asset-Based Welfare Policy

10. Individual Development Accounts

11. Examples, Proposals, Costs

12. The Integration of Welfare Policy with Economic Goals of the Nation

13. Summary and Conclusion

Selected References

Index

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