Open Access Journal

ISSN: 2183-2803

Editorial | Open Access

Wealth Stratification and the Insurance Function of Wealth

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Abstract:  This thematic issue examines the insurance function as a mechanism to underlie wealth effects on various outcomes. The articles in this issue shed an innovative light on the insurance function of wealth concerning a range of topics relevant to social stratification and social policy researchers. This editorial provides an overview of the contributions of this thematic issue and highlights some gaps and remaining open questions. Altogether, the contributions suggest that wealth can provide insurance against adverse life events in various contexts. However, this insurance effect depends on welfare state characteristics, wealth portfolios, and the way families handle their wealth.

Keywords:  asset poverty; assets; Covid‐19; debt; housing; negative life events; social security; welfare state



© Nora Müller, Klaus Pforr, Jascha Dräger. This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 license (, which permits any use, distribution, and reproduction of the work without further permission provided the original author(s) and source are credited.