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The racial saving gap enigma : unraveling the role of institutions
Belton, Willie James (contributor);  … - 2008
transmitted through culture can help to explain this persistent saving disparity. -- Savings gap ; institutions ; race ; culture … evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an … scaffolding erected many years earlier. Using a novel within race decomposition we provide evidence that past institutions …
Persistent link: https://www.econbiz.de/10003724139
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The Racial Saving Gap Enigma : Unraveling the Role of Institutions
Belton, Willie J.; Uwaifo Oyelere, Ruth - 2021
evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an … scaffolding erected many years earlier. Using a novel within race decomposition we provide evidence that past institutions … be attributed solely to racial discrimination but can be explained by the response of culture to institutional …
Persistent link: https://www.econbiz.de/10013325116
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Race and Bankruptcy : Explaining Racial Disparities in Consumer Bankruptcy
Morrison, Edward R. - 2019
African American bankruptcy filers are more likely to select Chapter 13 than other debtors, who opt instead for Chapter 7, which has higher success rates and lower attorney fees. Prior scholarship blames racial discrimination by bankruptcy attorneys. We present an alternative explanation:...
Persistent link: https://www.econbiz.de/10012899824
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Ethnic and racial disparities in saving behavior
Dal Borgo, Mariela - 2018
Using data of households approaching retirement in the U.S., I find that the Whites' median saving rates are 9 percentage points larger than the Mexican Americans' rates (ethnic gap) and than the African Americans' rates (racial gap). Two-thirds of each gap correspond to changes in asset prices...
Persistent link: https://www.econbiz.de/10011771998
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Ethnic and Racial Disparities in Saving Behavior
Dal Borgo, Mariela - 2020
Using data of households approaching retirement in the U.S., I perform quantile decompositions of the Whites' differences in saving rates with Mexican Americans (ethnic gap) and with African Americans (racial gap). The gaps are small at the bottom half of the distribution and widen at the top,...
Persistent link: https://www.econbiz.de/10012854552
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Ethnic diversity and financial inclusion in post-apartheid South Africa
Koomson, Isaac; Danquah, Michael; Martey, Edward - 2023
The ethnic diversity-financial inclusion nexus remains one of the least explored topics in the literature despite global attempts to promote cultural mixing due to its socioeconomic benefits. We contribute to the literature by examining the link between ethnic diversity and financial inclusion...
Persistent link: https://www.econbiz.de/10014372662
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Long Term Savings Decisions : Financial Reform, Peer Effects and Ethnicity
Mugerman, Yevgeny - 2014
In 2005, a drastic reform in the Israeli capital market shifted the power to choose savings vehicles from employers to individuals. Using a unique dataset from a large employer, this event provides us a rare window into individuals' savings decisions and the effect of their social environment....
Persistent link: https://www.econbiz.de/10013066561
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Financial Behavior and Attitudes of Asians Compared to Other Racial/Ethnic Groups in the United States
Hanna, Sherman D. - 2015
Most research studying family financial behavior of racial/ethnic groups has ignored Asian households or arbitrarily combined them with other racial/ethnic groups. We treated Asian households as a separate racial/ethnic group to compare twelve financial behaviors and attitudes of Asian...
Persistent link: https://www.econbiz.de/10013024749
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Adopting, using, and discarding paper and electronic payment instruments : variation by age and race
Mann, Ronald J. - 2011
significant age- and race-related differences in payments choices. Among other things, it suggests that the range of payment … access to financial institutions. With regard to age, it documents pervasive (and complex) age-related patterns at every step …
Persistent link: https://www.econbiz.de/10009125171
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Who Benefits from Retirement Saving Incentives in the U.S.? Evidence on Gaps in Retirement Wealth Accumulation by Race and Parental Income
Choukhmane, Taha; Colmenares, Jorge; O'Dea, Cormac; … - National Bureau of Economic Research - 2024
U.S. employers and the federal government devote over 1.5% of GDP annually toward promoting defined contribution (DC) retirement saving. Using a new employer-employee linked dataset covering millions of Americans, we show that this system of saving incentives benefits White workers and those...
Persistent link: https://www.econbiz.de/10015056169