Negative Net Worth and the Life Cycle Hypothesis
Financial Counseling and Planning, 1996
Posted: 27 Nov 1996
Abstract
Characteristics of families with a negative net worth are explored using data from the 1992 Survey of Consumer Finances. Life cycle theory is applied to predict which households have a negative net worth. Logit analysis showed that well educated young households who might expect increasing incomes are more likely to have a negative net worth.
JEL Classification: D91
Suggested Citation: Suggested Citation
Chen, Peng and Finke, Michael S., Negative Net Worth and the Life Cycle Hypothesis. Financial Counseling and Planning, 1996, Available at SSRN: https://ssrn.com/abstract=3546
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