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How do private transfers differ by race and ethnicity and do such differences explain the racial and ethnic disparity … in wealth? Using the Panel Study of Income Dynamics, this study examines private transfers by race and ethnicity and … important differences in private transfers by race and ethnicity: African Americans and Hispanics (both immigrant and …
Persistent link: https://www.econbiz.de/10014161637
Researchers have documented racial inequalities in wealth ownership and have offered a variety of explanations to account for these differences. One potentially important contributing factor that has received little attention is racial differences in family structure. This paper explores racial...
Persistent link: https://www.econbiz.de/10014148078
Racial differences in the receipt of financial inheritances help to explain why the average difference in wealth between black and white households is larger than the average difference in income. Using data from a panel of prime-aged males and from a representative survey of the U.S....
Persistent link: https://www.econbiz.de/10014063737
We explore the extent to which the huge race gap in wealth can be explained with properly constructed income and …
Persistent link: https://www.econbiz.de/10014031877
New data from the 2019 Survey of Consumer Finances (SCF) show that long-standing and substantial wealth disparities between families in different racial and ethnic groups were little changed since the last survey in 2016; the typical White family has eight times the wealth of the typical Black...
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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...
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