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Author: Adames, Alexander
Resulting in 2 citations.
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Adames, Alexander |
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The Cumulative Effects of Colorism: Race, Wealth, and Skin Tone Social Forces published online (13 March 2023): DOI: 10.1093/sf/soad038. Also: https://academic.oup.com/sf/advance-article-abstract/doi/10.1093/sf/soad038/7076639 Cohort(s): NLSY97 Publisher: Oxford University Press Keyword(s): Racial Equality/Inequality; Skin Tone; Wealth Permission to reprint the abstract has not been received from the publisher. Researchers have long documented a persistent Black-White gap in wealth. These studies, however, often treat race as a discrete category, eluding its socially constructed nature. As a result, these studies assume that the "effect of race" is consistent across all individuals racialized as Black. Studies that make this assumption potentially obscure heterogeneity in the size of the Black-White wealth gap. Research on skin color stratification suggests that it is possible that the Black-White wealth gap varies by the extent to which a racial subgroup is deemed to fit the broader racial umbrella. In turn, I adopt a more complex operationalization of race that is based on both racial and skin tone appraisals. Drawing on data from the National Longitudinal Survey of Youth 1997, I find that the Black-White wealth gap does vary by the Black skin tone subgroup. Generally, the Black-White gap in assets is smallest when focusing on lighter-skin Black people and largest when focusing on darker-skin Black people. These differences are not only the result of initial disadvantage but also cumulative disadvantage in the rate of wealth accumulation. Lastly, the findings suggest that the Black-White wealth gaps grow at a faster rate than the skin tone wealth gaps. I found that differences were robust to adjustments for parental socioeconomic status, childhood background, and interviewer characteristics. I conclude by discussing the theoretical implications for our understanding of the mechanisms undergirding Black-White disparities in wealth attainment. |
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Bibliography Citation
Adames, Alexander. "The Cumulative Effects of Colorism: Race, Wealth, and Skin Tone." Social Forces published online (13 March 2023): DOI: 10.1093/sf/soad038.
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Adames, Alexander Bryer, Ellen |
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The Development of Racial Wealth Gaps in Early Adulthood Social Science Research 120 (May 2024). Also: https://doi.org/10.1016/j.ssresearch.2024.103010 Cohort(s): NLSY97 Publisher: Elsevier Keyword(s): Black Studies; Debt/Borrowing; Financial Assets; Hispanic Studies; Home Equity; Net Worth; Race/Ethnicity; Racial Disparities; Racial Equality/Inequality; Racial Studies; Wealth; Wealth Gap While much research has documented stark racial gaps in total net worth, few studies have examined the development of racial gaps across different types of assets using longitudinal data. Drawing on data from the National Longitudinal Survey of Youth (1997), we study the emergence of Black-White and Hispanic-White wealth gaps across different types of assets and debt among a recent cohort of young adults. We find that the gaps in net worth, financial assets, home equity, and debt all increase over time. The racial gaps in financial assets widen at a rate that exceeds the corresponding gaps in other components of net worth. Indeed, a decomposition analysis reveals that financial assets contribute more than home equity to exacerbating net worth disparities. Our findings underscore the unique role that financial assets play in expanding racial wealth gaps in young adulthood. |
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Bibliography Citation
Adames, Alexander and Ellen Bryer. "The Development of Racial Wealth Gaps in Early Adulthood." Social Science Research 120 (May 2024).
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