John Doling|Richard Ronald
Home ownership and asset-based welfare
University College Birmingham|University of Birmingham|Delft University of Technology
recent decades notion assetbased propertybased welfare system become increasingly central debates restructuring western welfare states groves et al 2007 regan paxton 2001 sherraden 2003 watson 2009 principle underlying assetbased approach welfare rather relying statemanaged social transfers counter risks poverty individuals accept greater responsibility welfare needs investing financial products property assets augment value time least theory later tapped supplement consumption welfare needs income reduced example retirement used acquire forms investment educational qualifications several socioeconomic developments helped advance cause assetbased welfare one side combination pressures brought ageing national populations expected impact pensions public welfare resources along government retrenchment public welfare provision associated neoliberalisation recently least expanding home ownership rates increases housing property values across economically advanced economies essentially potential wealth tied owneroccupied housing considered less explicitly solution fiscal difficulties involved maintenance welfare commitments asset assetbased welfare frequently become property housing asset doling ford 2007