Search Results
Title: Intergenerational Transmission of Economic Advantages and Disadvantages from the Asset Perspective
Resulting in 1 citation.
| 1. |
Nam, Jaehyun Ansong, David |
|
Intergenerational Transmission of Economic Advantages and Disadvantages from the Asset Perspective Presented: Washington DC, Society for Social Work and Research Annual Conference, January 2018 Cohort(s): NLSY97 Publisher: Society for Social Work and Research (SSWR) Keyword(s): Assets; Intergenerational Patterns/Transmission; Mobility, Economic; Net Worth; Parental Influences Permission to reprint the abstract has not been received from the publisher. Background: This study contributes to the understanding of the intergenerational transmission of economic status from the assets perspective by focusing on how parents' net worth affects their children's future net worth. In addition, we examine the racial differences in the intergenerational transmission of net worth. Methods: This study uses data from the National Longitudinal Survey of Youth 1997, which contains information on net worth and assets of adult children and parents. Results: Results from the simple unconditional means (UCM) model suggest that adult children's net worth increases as they age. Conclusions and Implications: This study finds that parents' new worth is a strong indicator of children's future new worth, although racial heterogeneity in the wealth transmission exists. |
|
|
Bibliography Citation
Nam, Jaehyun and David Ansong. "Intergenerational Transmission of Economic Advantages and Disadvantages from the Asset Perspective." Presented: Washington DC, Society for Social Work and Research Annual Conference, January 2018. |