Black-White Differences in Wealth and Asset Composition / Francine D. Blau, John W. Graham.

Format:

Book

Author/Creator:

Blau, Francine D.

Contributor:

National Bureau of Economic Research.

Graham, John W.

Series:

Working Paper Series (National Bureau of Economic Research) no. w2898.

NBER working paper series no. w2898

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1989.

Summary:

Using data from the 1976 and 1978 National Longitudinal. Surveys of young men and young women, this study examines racial differences in the magnitude and composition of wealth and the reasons for them. On average, young black families hold 18 percent of the wealth of young white families, and hold their wealth in proportionately different forms. Even after controlling for racial differences in income and other demographic factors, as much as three-quarters of the wealth gap remains unexplained. We speculate on the causes for this, concluding that racial differences in intergenerational transfers most likely play an important role.

Notes:

Print version record

March 1989.