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Using the Survey of Consumer Finances, I find that the Black/white gap in standard net worth widened from 1989 to 2019 but narrowed between Hispanics and (non-Hispanic) whites. When the definition of wealth is expanded to incorporate Social Security and defined benefit pension wealth (both the...
Persistent link: https://www.econbiz.de/10014250217
Recent work on wealth inequality based on the capitalization method wherein aggregate wealth totals are distributed in …
Persistent link: https://www.econbiz.de/10013435105
Retirement income security refers to the ability of households to provide an adequate stream of income during the period of their retirement from the labor force. Expected retirement income is based of four components: (i) standard non-pension wealth holdings, (ii) defined contribution (DC)...
Persistent link: https://www.econbiz.de/10014337766
One hallmark of U.S. monetary policy since the early 1980s has been moderation in inflation (at least, until recently). How has this affected household well-being? The paper first develops a new model to address this issue. The inflation tax on income is defined as the difference between the...
Persistent link: https://www.econbiz.de/10014421200
, sociologists and the general public believe that women work more. The widespread average equality does not arise from gender … in total work time—work for pay and work at home. In rich non-Catholic countries on four continents men and women do … about the same average amount of total work. Survey results demonstrate, however, that labor economists, macroeconomists …
Persistent link: https://www.econbiz.de/10009651908
facts do not arise from gender differences in the price of time (as measured by market wages), as women’s total work is … from family norms, since most of the variance in the gender total work difference is due to within-couple differences. We … withineducation group and within-region gender differences in total work being smaller than inter-group differences. It is consistent …
Persistent link: https://www.econbiz.de/10005652740
market work--as requiring the most interaction with the native world, and these activities more than others fit the …
Persistent link: https://www.econbiz.de/10012462226
-establishment cells. To the best of our knowledge, this is the first paper to examine segregation by race and ethnicity at the level of …
Persistent link: https://www.econbiz.de/10012471803
Median household wealth shot up by 21.2 percent in real terms between 2016 and 2019, as asset prices continued to rebound. However, 2007 still remains the watershed year, and median wealth was down 20.4 percent relative to 2007, though mean wealth more than fully recovered. There was a modest...
Persistent link: https://www.econbiz.de/10012482601
and pitcher match race/ethnicity. This effect only exists where there is little scrutiny of umpires' behavior -- in … determine the outcome of the at-bat. If a pitcher shares the home-plate umpire's race/ethnicity, he gives up fewer runs per game …
Persistent link: https://www.econbiz.de/10012465037