Abstract and Keywords
Since 1991, a new policy discussion has arisen in the United States and other countries, focusing on building assets as a complement to traditional social policy based on income. In fact, asset-based policy already exists in the United States, with large public subsidies. But the policy is regressive, benefiting the rich far more than the poor. The goal should be a universal and progressive asset-based policy. One promising pathway may be Child Development Accounts beginning at birth, with greater public deposits for the poorest children.
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