Parental Wealth and the Black-White Mobility Gap in the U.S
| Autor: | Liana Fox |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Home equity
Economics and Econometrics Labour economics White (horse) Longitudinal data 05 social sciences Social mobility 0506 political science Panel Study of Income Dynamics Income distribution 0502 economics and business 050602 political science & public administration Economics Demographic economics 050207 economics |
| Zdroj: | Review of Income and Wealth. 62:706-723 |
| ISSN: | 0034-6586 |
| DOI: | 10.1111/roiw.12200 |
| Popis: | Utilizing longitudinal data from the Panel Study of Income Dynamics (PSID), this paper examines the relationship between parental wealth and intergenerational income mobility for black and white families. I find that total parental wealth is positively associated with upward mobility for low-income white families, but is not associated with reduced likelihood of downward mobility for white families from the top half of the income distribution. Conversely, I find that total parental wealth does not have the same positive association for low-income black families, while home ownership may have negative associations with the likelihood of upward mobility for these families. However, for black families from the top half of the income distribution, home equity is associated with a decreased likelihood of downward mobility, suggesting a heterogeneous relationship between home ownership and mobility for black families. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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