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The Progressive Policy Think Tank

The Asset-effect

The government has proposed two innovative asset-based welfare policies: the Child Trust Fund and the Savings Gateway. Part of the rationale for the development of an asset-based approach is that holding assets can lead to a range of beneficial psychological, social and economic outcomes, known as the "asset-effect".

The authors present an overview of the research and demonstrate the independent effect of asset-holding on welfare outcomes.

John Bynner's findings are required reading for academics, policy makers and others interested in the role of assets in welfare policy.