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Determinants of Asset Building (Series/Poor Finances: Assets and Low Income Households)
Sondra Beverly, Michael Sherraden, Min Zhan, Trina R. Williams-Shanks, Yunju Nam, Reid Cramer

This report provides a policy-oriented conceptual framework that has the potential to explain saving and asset accumulation across the entire population and to account for the low levels of saving and asset accumulation in the low-income population. The report also reviews empirical evidence that supports or challenges this framework.

Posted: April 15, 2008

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How Much Does the Federal Government Spend to Promote Economic Mobility and for Whom? (Research Report)
Adam Carasso, Gillian Reynolds, C. Eugene Steuerle

This report tallies all federal spending and tax subsidies aimed at promoting the economic mobility of Americans for 1980, 2006, and 2012. This first effort at defining a mobility budget--$746 billion in 2006--reaches two major conclusions: (1) poor and lower-income households owe little or no tax and so are excluded from the bulk of economic mobility programs, which are often delivered in the form of tax subsidies; and (2) while these households do benefit from many other federal programs, those programs generally are not aimed at promoting mobility--and sometimes even discourage it. Furthermore, under current law, mobility enhancing programs targeted to toward lower income households would decline as a share of GDP from 2006 to 2012, while those targeted to the better off would increase over the same period.

Posted: February 04, 2008

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Modeling Income in the Near Term 4 (Research Report)
Karen E. Smith, David Cashin, Melissa Favreault

This final report presents the retirement income projections from Modeling Income in the Near Term (MINT4) data system. Key findings include that the 1996 SIPP panel has lower-than-average lifetime earnings compared with the 1990 to 1993 SIPP panels, but the variance is within the bounds of the sampling error. Retirement income will become increasingly unequally distributed as both the top of the distribution rises and bottom falls. Aged poverty rates decline as retirement income grows faster than prices through years of positive real wage growth.

Posted: April 19, 2005

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