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Financial Capability and Food Security in Extremely Vulnerable Households

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  • Daniel L Millimet
  • Ian K McDonough
  • Thomas B Fomby

Abstract

Food insecurity is among the most significant, nutrition-related public health issues facing the United States. Unfortunately, little is known about the determinants of food insecurity except that it is not synonymous with poverty. Many households above the poverty line are food insecure; many below are not. We investigate a lack of financial capability as a potential salient determinant of household-level food security. Using original survey data collected among food pantry clients in North Texas, we assess the impact of financial capacity on food security relying on family background as an exclusion restriction. Our results indicate a strikingly significant effect, both economically and statistically, of financial capability in general and financial behaviors in particular.

Suggested Citation

  • Daniel L Millimet & Ian K McDonough & Thomas B Fomby, 2018. "Financial Capability and Food Security in Extremely Vulnerable Households," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 100(4), pages 1224-1249.
    • Handle: RePEc:oup:ajagec:v:100:y:2018:i:4:p:1224-1249.
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    File URL: http://hdl.handle.net/10.1093/ajae/aay029
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    Citations

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    Cited by:

    1. Keqiang Wang & Jianglin Lu & Hongmei Liu & Xin Fan & Lina Zhang & Silu Zhang, 2023. "A Study on Accounting for Suburban Agricultural Land Rent in a Chinese Context Based on Agricultural Ecological Value and Landscape Value," Land, MDPI, vol. 12(12), pages 1-22, December.
    2. Seung Jin Cho & Brent Kreider & John V. Winters, 2023. "Resource booms, state economic conditions, and child food security," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 45(3), pages 1734-1752, September.
    3. Sunjin Ahn & Travis A. Smith & F. Bailey Norwood, 2020. "Can Internet Surveys Mimic Food Insecurity Rates Published by the US Government?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(2), pages 187-204, June.
    4. Coleman-Jensen, Alisha & Rabbitt, Matthew & Gregory, Christian & Singh, Anita, 2022. "Household Food Security in the United States in 2021," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Economic ), September.
    5. Coleman-Jensen, Alisha & Rabbitt, Matthew & Gregory, Christian & Singh, Anita, 2022. "Household Food Security in the United States in 2021," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Economic ), September.
    6. Ian K. McDonough & Manan Roy & Punarjit Roychowdhury, 2020. "Exploring the dynamics of racial food security gaps in the United States," Review of Economics of the Household, Springer, vol. 18(2), pages 387-412, June.
    7. Julie Birkenmaier & David Rothwell & Mary Agar, 2022. "How is Consumer Financial Capability Measured?," Journal of Family and Economic Issues, Springer, vol. 43(4), pages 654-666, December.
    8. Kaipeng Wang & Nicholas J. Bishop, 2019. "Social support and monetary resources as protective factors against food insecurity among older Americans: findings from a health and retirement study," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 11(4), pages 929-939, August.
    9. Nyanzu, Frederick, 2022. "The joint effects of financial literacy and women’s empowerment training, and financial inclusion on food security: Evidence from Ghana," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322160, Agricultural and Applied Economics Association.
    10. Ian K. McDonough & Daniel L. Millimet, 2019. "Criminal Incarceration, Statutory Bans on Food Assistance, and Food Security in Extremely Vulnerable Households: Findings from a Partnership with the North Texas Food Bank," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 41(3), pages 351-369, September.
    11. Zoungrana, Amelie, 2022. "Income diversification and food security:evidence from Burkina Faso," MPRA Paper 112337, University Library of Munich, Germany.

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