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Author: Henretta, John C.
Resulting in 3 citations.
1. Campbell, Richard T.
Henretta, John C.
Status Claims and Status Attainment: The Determinants of Financial Well-Being
American Journal of Sociology 86,3 (November 1980): 618-629.
Also: http://www.jstor.org/stable/2778632
Cohort(s): Older Men
Publisher: University of Chicago Press
Keyword(s): Assets; Earnings; Educational Attainment; Family Resources; Fathers, Influence; Pensions; Socioeconomic Status (SES); Well-Being

This paper examines the dimensionality of status measures related to net worth and occupation. The measures of status considered include: home equity, savings, real estate assets, business assets, earnings, and pension coverage. The authors consider the role of each in status evaluations and examine empirically whether the process of attainment of each is the same. This hypothesis is rejected and a final model presented that allows a different process of attainment for each measure. It was found that, net of earnings, family formation measures have large effects on the different status measures consistent with different patterns of family needs. Finally, the implications of using wealth and consumption measures as measures of status are discussed.
Bibliography Citation
Campbell, Richard T. and John C. Henretta. "Status Claims and Status Attainment: The Determinants of Financial Well-Being." American Journal of Sociology 86,3 (November 1980): 618-629.
2. Henretta, John C.
Race Differences in Middle Class Lifestyle: The Role of Home Ownership
Social Science Research 8,1 (March 1979): 63-78.
Also: http://www.sciencedirect.com/science/article/pii/0049089X79900140
Cohort(s): Older Men
Publisher: Academic Press, Inc.
Keyword(s): Earnings; Educational Attainment; Family Resources; Socioeconomic Status (SES)

Race differences in "middle class" lifestyle are examined by home ownership and net worth. The major findings are: (1) whites at any earnings level are very likely to own homes by ages 50-64; however, only at relatively high earning levels do blacks begin to approach the home ownership rates of whites; (2) the net worth of blacks is substantially lower than that of whites after adjusting for variables in a standard status attainment model; and (3) the race difference, as well as other variables effects, is much smaller for home owners than for renters. The reason for this is probably forced saving through home ownership.
Bibliography Citation
Henretta, John C. "Race Differences in Middle Class Lifestyle: The Role of Home Ownership." Social Science Research 8,1 (March 1979): 63-78.
3. Henretta, John C.
Campbell, Richard T.
Net Worth as an Aspect of Status
American Journal of Sociology 83,5 (March 1978): 1204-1223.
Also: http://www.jstor.org/stable/2778191
Cohort(s): Older Men
Publisher: University of Chicago Press
Keyword(s): Assets; Educational Returns; Family Background and Culture; Family Resources; Socioeconomic Status (SES)

This article discusses the role of net worth as a component of status and estimates a status attainment model for net worth. The findings show that: (1) the effect of family background is transmitted via education; (2) the effect of education is asymptotic rather than linear; (3) single and divorced persons possess substantially fewer assets, net of other characteristics, than married persons; and (4) net of all other variables, earnings have a considerable effect on net worth.
Bibliography Citation
Henretta, John C. and Richard T. Campbell. "Net Worth as an Aspect of Status." American Journal of Sociology 83,5 (March 1978): 1204-1223.