Parental Financial Assistance to Young Adult Children and the Black-White Wealth Gap.
We examine the roles of parental financial assistance to young adult children for college, homeownership, and "other reasons" in explaining the Black-White wealth gap. Using Panel Study of Income Dynamics data, we run Blinder-Oaxaca decompositions. Results show that the socioeconomic position of Bla...
| Publicado en: | Journal of Sociology & Social Welfare Vol. 48; no. 4; pp. 88 - 118 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Western Michigan University
Dec2021
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=155090132&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 155090132 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 01915096 41O jtl: Journal of Sociology & Social Welfare issn: 01915096 maglogo: N pubinfo: dt: Dec2021 vid: 48 iid: 4 pid: 11789 pub: Western Michigan University artinfo: ui: 155090132 10.15453/0191-5096.4514 ppf: 88 ppct: 30 formats: tig: atl: Parental Financial Assistance to Young Adult Children and the Black-White Wealth Gap. aug: au: Yunju Nam Famighetti, Christopher Hamilton, Darrick affil: School of Social Work University at Buffalo, State University of New York (SUNY) Public and Urban Policy, The New School Economics and Urban Policy, The New School su: Income inequality Young adults Adult children Black children Panel analysis Achievement gap sug: subj: Income inequality Young adults Adult children Black children Panel analysis Achievement gap keyword: intergenerational transfers racial disparity stratification wealth intergenerational transfers racial disparity stratification wealth ab: We examine the roles of parental financial assistance to young adult children for college, homeownership, and "other reasons" in explaining the Black-White wealth gap. Using Panel Study of Income Dynamics data, we run Blinder-Oaxaca decompositions. Results show that the socioeconomic position of Black parents, not their proclivity to give, explains lower receipt of parental assistance for Black adult children--especially in the form of assistance for college and homeownership, which in turn, translates into the intergenerational reproduction of the racial wealth gap. Accordingly, policies should focus on equalizing resource endowments for adult children across racial lines. The findings support a structural/stratification frame. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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