The Role of Permanent Income and Demographics in Black/White Differences in Wealth.
We explore the extent to which the large race gap in wealth can be explained with properly constructed income and demographic variables. In some instances we explain the entire wealth gap with income and demographics, provided that we estimate the wealth model on a sample of whites. However, we typi...
| Publicado en: | Journal of Human Resources Vol. 40; no. 1; pp. 1 - 31 |
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| Autores principales: | , |
| Formato: | Artículo |
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University of Wisconsin Press
Winter2005
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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=507849483&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507849483 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0022166X JHR jtl: Journal of Human Resources issn: 0022166X maglogo: N pubinfo: dt: Winter2005 vid: 40 iid: 1 pid: 249 pub: University of Wisconsin Press artinfo: ui: 507849483 ppf: 1 ppct: 30 formats: fmt: – @attributes: type: T – @attributes: type: P size: 4.8MB tig: atl: The Role of Permanent Income and Demographics in Black/White Differences in Wealth. aug: au: Altonji, Joseph G. Doraszelski, Ulrich su: Income inequality Racial differences United States sug: subj: United States Income inequality Racial differences keyword: Race differences ab: We explore the extent to which the large race gap in wealth can be explained with properly constructed income and demographic variables. In some instances we explain the entire wealth gap with income and demographics, provided that we estimate the wealth model on a sample of whites. However, we typically explain a much smaller fraction when we estimate the wealth model on a black sample. Using sibling fixed-effects models to control for intergenerational transfers and the effects of adverse history, we find that these factors are not likely to account for the lower explanatory power of the black wealth models. Our analysis of growth models of wealth suggests that differences in savings behavior and/or rates of return play an important role. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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