| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The Role of Permanent Income and Demographics in Black/White Differences in Wealth
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| Autores: |
Altonji, Joseph G.
Doraszelski, Ulrich
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| Data: |
2006-01-27
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| Ano: |
2002
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| Palavras-chave: |
Black-White wealth gap
Siblings
Savings
Consumer/Household Economics
D31
J7
D91
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| Resumo: |
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 model on a black sample. Using sibling comparisons to control for intergenerational transfers and the effects of adverse history, we find that differences in income and demographics 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.
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| Tipo: |
Working or Discussion Paper
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| Idioma: |
Inglês
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| Identificador: |
19598
http://purl.umn.edu/28493
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| Editor: |
AgEcon Search
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| Relação: |
Yale University>Economic Growth Center>Center Discussion Papers
Center Discussion Paper No. 850
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| Formato: |
46
application/pdf
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