Does owning assets have psychological benefits? This study tested the hypothesis that it does. The findings, obtained through analysis of data from a randomized, controlled experiment with participants in an Individual Development Account program, offer insights for research on the effects of asset ownership.
Citation
Rohe, W. M., Key, C., Grinstein-Weiss, M., Schreiner, M., & Sherraden, M. (2017). The impacts of Individual Development Accounts, assets, and debt on future orientation and psychological depression. Journal of Policy Practice, 16(1), 24–45. doi:10.1080/15588742.2015.1125329