We explore the extent to which the huge 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 …

This paper examines the relationship between wealth holdings and patterns of various household characteristics …, including education, occupation, wealth portfolio structures and inheritance. The focus is on comparing the wealth levels of … combination of inheritance, education and occupation is significantly related to differences in wealth levels. However, household …

more than 15,000 households interviewed during the 1860 federal census exhibit sharp differences in wealth holdings between … between wealth and the recorded household characteristics, and decompose the wealth gaps into treatment and characteristic … effects. In addition to higher wealth holdings of white households as compared to free African-Americans in general, there are …

This paper presents new evidence on the determinants of the large disparities in home ownership by race in the U … paribus racial differences in ownership rates among white and minority households who possess sufficient wealth to meet down … equivalent minority households. Because minorities are disproportionately constrained by wealth-related underwriting standards …