Search Results
Author: Keister, Lisa A.
Resulting in 11 citations.
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Keister, Lisa A. |
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Childhood Religious Denomination and Early Adult Asset Accumulation In: Religion, Families, and Health: Population-Based Research in the United States. C. Ellison and R. Hummer, eds., New Brunswick, New Jersey: Rutgers University Press, 2010 Cohort(s): NLSY79 Publisher: Rutgers University Press Keyword(s): Assets; Religion [From the preface]: Lisa Kiester examines the relationship between childhood religion and early adult asset accumulation in Chapter 9. |
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Bibliography Citation
Keister, Lisa A. "Childhood Religious Denomination and Early Adult Asset Accumulation" In: Religion, Families, and Health: Population-Based Research in the United States. C. Ellison and R. Hummer, eds., New Brunswick, New Jersey: Rutgers University Press, 2010
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Keister, Lisa A. |
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Conservative Protestants and Wealth: How Religion Perpetuates Asset Poverty American Journal of Sociology 113,5 (March 2008): 1237-1271. Also: http://www.jstor.org/stable/info/10.1086/525506 Cohort(s): NLSY79 Publisher: University of Chicago Press Keyword(s): Assets; Poverty; Religion; Wealth The association between cultural orientation and material outcomes is fundamental to sociology research. This article contributes to the understanding of this relationship by exploring how religious affiliation affects wealth ownership for conservative Protestants (CPs). The results demonstrate that religion affects wealth indirectly through educational attainment, fertility, and female labor force participation. The results also provide evidence of a direct effect of religion on wealth. Low rates of asset accumulation and unique economic values combine to reduce CP wealth beyond the effects of demographics. The findings improve understanding of the relationship between religious beliefs and inequality. |
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Bibliography Citation
Keister, Lisa A. "Conservative Protestants and Wealth: How Religion Perpetuates Asset Poverty." American Journal of Sociology 113,5 (March 2008): 1237-1271.
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Keister, Lisa A. |
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Faith and Money: How Religious Belief Contributes to Wealth and Poverty Cambridge and New York: Cambridge University Press, 2011 Cohort(s): NLSY79 Publisher: Cambridge University Press Keyword(s): Assets; Debt/Borrowing; Income; Poverty; Religion; Wealth Permission to reprint the abstract has not been received from the publisher. [Editor's note: The NLSY is used in multiple chapters] |
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Bibliography Citation
Keister, Lisa A. Faith and Money: How Religious Belief Contributes to Wealth and Poverty. Cambridge and New York: Cambridge University Press, 2011. |
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Keister, Lisa A. |
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Family Structure, Race, and Wealth Ownership: A Longitudinal Exploration of Wealth Accumulation Processes Working Paper No. 304, Economics Working Paper Archive, May 2000. Also: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=240274& Cohort(s): NLSY79 Publisher: Department of Economics, Washington University - St. Louis Keyword(s): Childhood Residence; Family Size; Family Structure; Hispanics; Racial Differences; Racial Equality/Inequality; Wealth Permission to reprint the abstract has not been received from the publisher. Researchers have documented racial inequalities in wealth ownership and have offered a variety of explanations to account for these differences. One potentially important contributing factor that has received little attention is racial differences in family structure. This paper explores racial differences in the structure of family of origin and family in adulthood and examines the impact of these differences on wealth accumulation patterns. Using the National Longitudinal Survey of Youth, I find that large family size and family disruptions in childhood are negatively associated with wealth accumulation, portfolio behavior, and wealth mobility in adulthood. My analyses suggest that family size is a more important factor determining wealth accumulation for whites than for blacks or Hispanics and that family disruption is most strongly related to wealth outcomes for Hispanics. I find that family structure in adulthood is only modestly associated with overall wealth but strongly related to portfolio behavior and wealth mobility and that these relationships are relatively fixed across racial groups. My findings lend support to arguments about the importance of the role that resource dilution plays in determining life outcomes. They also suggest that efforts to reduce racial inequality in wealth ownership may be most effective if they seek to reduce the impact of deprivation early in life. |
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Bibliography Citation
Keister, Lisa A. "Family Structure, Race, and Wealth Ownership: A Longitudinal Exploration of Wealth Accumulation Processes." Working Paper No. 304, Economics Working Paper Archive, May 2000. |
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Keister, Lisa A. |
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Getting Rich: America's New Rich and How They Got That Way Cambridge, UK and New York, NY: Cambridge University Press, 2005 Cohort(s): NLSY79 Publisher: Cambridge University Press Keyword(s): Family Background and Culture; Family Structure; Income Distribution; Life Course; Mobility; Religious Influences; Wealth Permission to reprint the abstract has not been received from the publisher. Investigates what behaviors, decisions, and other factors contribute to individual wealth accumulation and wealth mobility in the United States. Bases the analysis primarily, but not exclusively, on data from the National Longitudinal Survey of Youth 1979 cohort, involving nearly 13,000 young adults who were interviewed annually through 1994 and every other year after that through 2000. Examines trends in wealth mobility. Identifies the richest families in the United States and investigates the sources of their wealth. Proposes a general conceptual model of the processes that lead to wealth accumulation and mobility, highlighting the importance of education, family background, inheritance, work experiences, financial literacy, and adult family. Empirically explores the role that family background plays in adult wealth ownership, including the role of childhood family structure and siblings, and considers the role of religion, family culture and other contributing factors that are somewhat more difficult to quantify. Studies the role of individual differences, including occupational and work behavior, in adult wealth accumulation and mobility. Explores the role of adult family issues, including marriage, divorce, fertility, the timing of life events, and different investment strategies. Considers the importance of context, including such factors as stock market booms and busts, generational effects, and the importance of geography. Contents Part I: 1. I'd rather be rich; 2. Trends in wealth mobility; 3. The new rich; 4. Getting rich; Part II: 5. Family background: parents, structure, and siblings; 6. Family background: culture and religion; 7. Individuals: foundations and occupations; 8. Individuals: adult family; 9. Conclusion. |
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Bibliography Citation
Keister, Lisa A. Getting Rich: America's New Rich and How They Got That Way. Cambridge, UK and New York, NY: Cambridge University Press, 2005. |
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Keister, Lisa A. |
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Religion and Wealth Across Generations In: Religion, Work and Inequality. L. Keister, et al, eds., Bingley, West Yorkshire, England: Emerald Group Publishing, 2012: 131-150 Cohort(s): NLSY79 Publisher: Emerald Keyword(s): Assets; Health and Retirement Study (HRS); Life Course; Religion; Savings; Wealth Permission to reprint the abstract has not been received from the publisher. Purpose – This chapter explores the relationship between religious affiliation and wealth ownership focusing on generational differences. Methodology – I use data from the National Longitudinal Survey of Youth and the Health and Retirement Study to create descriptive statistics and regression analyses of the association between religious affiliation in childhood and adulthood for people of two cohorts. Findings – This chapter shows that there are important patterns by religious affiliation in total net worth, real assets, and asset allocation across generations. My findings are consistent with past work on religion and wealth ownership showing that Jews, mainline Protestants, and white Catholics tend to have higher total wealth than other groups. In addition, I find that black Protestants, Hispanic Catholics, and conservative Protestants tend to have relatively low wealth, consistent with research on religion, race/ethnicity, and wealth. My findings also show that these patterns are relatively robust across generations. Research implications – The findings are relevant to research on inequality, wealth accumulation and saving, life course processes, and the effect of religion on stratification outcomes. Originality/Value – This research shows how religious affiliation and wealth are related across generations. |
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Bibliography Citation
Keister, Lisa A. "Religion and Wealth Across Generations" In: Religion, Work and Inequality. L. Keister, et al, eds., Bingley, West Yorkshire, England: Emerald Group Publishing, 2012: 131-150
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Keister, Lisa A. |
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Religion and Wealth: The Role of Religious Affiliation and Participation in Early Adult Asset Accumulation Social Forces 82,1 (September 2003): 175-207. Also: http://www.jstor.org/stable/3598143 Cohort(s): NLSY79 Publisher: University of North Carolina Press Keyword(s): Assets; Demography; Economics, Demographic; Family Background and Culture; Family Influences; Religion; Religious Influences; Wealth Permission to reprint the abstract has not been received from the publisher. Researchers have documented extreme inequalities in wealth ownership, but the processes that create these inequalities are not well understood. One important contributing factor that attracts little attention is religion. This study explores the relationship between religious participation, religious affiliation, and patterns of wealth accumulation. I argue that religion affects wealth ownership indirectly by shaping demographic behaviors. I also argue that religion directly influences wealth accumulation by identifying valuable goals, by providing a set of competencies that direct strategies of action, and by contributing to social contacts that provide information and opportunities that can enhance wealth ownership. The findings suggest that Jews enjoy tremendous gains in wealth ownership, while conservative Protestants accumulate relatively little wealth. In contrast, mainline Protestants and Catholics are indistinguishable from each other and from the general population. The results demonstrate the importance of family processes in shaping wealth accumulation, and they underscore the importance of culture in shaping economic behavior and ultimately in creating social inequality. |
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Bibliography Citation
Keister, Lisa A. "Religion and Wealth: The Role of Religious Affiliation and Participation in Early Adult Asset Accumulation." Social Forces 82,1 (September 2003): 175-207.
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Keister, Lisa A. |
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Religion and Wealth: The Role of Religious Affiliation and Participation in Early Adult Asset Accumulation and Mobility Presented: Annandale-on-Hudson, NY, Conference on International Perspectives on Household Wealth, October 2003 Cohort(s): NLSY79 Publisher: Levy Economics Institute Keyword(s): Assets; Mobility; Religion; Wealth Permission to reprint the abstract has not been received from the publisher. See, citation number 4656 in this bibliography. KEISTER, LISA A. Religion and Wealth: The Role of Religious Affiliation and Participation in Early Adult Asset Accumulation. Social Forces 82,1 (September 2003): 175-207. Also: http://www.rci.rutgers.edu/~waxmanci/Keister-Religion&Wealth.pdf |
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Bibliography Citation
Keister, Lisa A. "Religion and Wealth: The Role of Religious Affiliation and Participation in Early Adult Asset Accumulation and Mobility." Presented: Annandale-on-Hudson, NY, Conference on International Perspectives on Household Wealth, October 2003. |
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Keister, Lisa A. |
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Upward Wealth Mobility: Exploring the Roman Catholic Advantage Social Forces 85,3 (March 2007): 1195-1225. Also: http://www.jstor.org/stable/4494970 Cohort(s): NLSY79 Publisher: University of North Carolina Press Keyword(s): Hispanics; Mobility; Religion; Religious Influences; Wealth Permission to reprint the abstract has not been received from the publisher. Data are from the NLSY79 [Ed.] Wealth inequality is among tile most extreme forms of stratification in the United States, and upward wealth mobility is not common. Yet mobility is possible, and this paper takes advantage of trends among a unique group to explore the processes that generate mobility. I show that non-Hispanic whites raised in Roman Catholic families have been upwardly mobile in the wealth distribution in recent decades, and I find that unique fertility, marriage and education patterns contributed to this change. I also show that Catholic values related to work and money contributed to relatively high saving and portfolio behavior that facilitated mobility. The results provide important insight into the process by which childhood experiences shape adult well-being, particularly adult wealth ownership. The findings also contribute to understanding of social inequality by identifying important behaviors and processes that facilitate mobility. [ABSTRACT FROM AUTHOR] Copyright of Social Forces is the property of University of North Carolina Press and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts) |
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Bibliography Citation
Keister, Lisa A. "Upward Wealth Mobility: Exploring the Roman Catholic Advantage." Social Forces 85,3 (March 2007): 1195-1225.
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Keister, Lisa A. Vallejo, Jody Agius Borelli, E. Paige |
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Mexican American Mobility: An Exploration of Wealth Accumulation Trajectories Working Paper, Stanford Center on Poverty and Inequality, Institute for Research in the Social Sciences, April 2013 Cohort(s): NLSY79 Publisher: Stanford Center on Poverty and Inequality Keyword(s): Hispanics; Immigrants; Life Course; Mobility; Poverty; Wealth Permission to reprint the abstract has not been received from the publisher. Mexican Americans are a large group whose mobility patterns can provide important insight into immigrant assimilation processes. It is well known that Mexicans have not attained economic parity with whites, but considerable debate exists about the degree to which Mexican immigrants and their American-born children experience mobility over their lives. We contribute to this literature by studying Mexican American wealth accumulation trajectories over the life course, focusing on three interrelated processes. First, we examine childhood poverty and inheritances to establish financial starting points and the degree to which resources from prior generations affect wealth ownership. Second, we study impediments to mobility in young adulthood to understand how processes in early adulthood affect later-life outcomes. Third, we study wealth accumulation rates over the life course and midlife wealth ownership to identify the trajectories followed over the working years and wealth status as respondents near retirement. We find high levels of early life disadvantage among Mexican Americans, but these disadvantages decline with each generation since migration. We also find that Mexican Americans accumulate assets over the working years more slowly than whites but more rapidly than African Americans, and that accumulation rates increase over the generations for Mexican Americans. At midlife, Mexican Americans have less total wealth than whites but more than African Americans, even when early-life impediments are controlled. Our results suggest that Mexican Americans are establishing a solid financial foundation that is likely to lead to long-term class stability. |
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Bibliography Citation
Keister, Lisa A., Jody Agius Vallejo and E. Paige Borelli. "Mexican American Mobility: An Exploration of Wealth Accumulation Trajectories." Working Paper, Stanford Center on Poverty and Inequality, Institute for Research in the Social Sciences, April 2013. |
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Yamokoski, Alexis Keister, Lisa A. |
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The Wealth of Single Women: Marital Status and Parenthood in the Asset Accumulation of Young Baby Boomers in the United States Feminist Economics 12,1-2 (January-April 2006):167-194. Also: http://www.tandfonline.com/doi/abs/10.1080/13545700500508478 Cohort(s): NLSY79 Publisher: Routledge ==> Taylor & Francis (1998) Keyword(s): Children; Disadvantaged, Economically; Divorce; Gender; Marriage; Parenthood; Parents, Single; Wealth Special Issue: A Special Issue on Women and Wealth (Guest Edited by Carmen Diana Deere and Cheryl R. Doss) In the United States, household wealth is unequally distributed. While facts about the distribution are readily available, less is known about the family dynamics that underlie this important component of inequality. An increasing number of households are headed by single females (both never married and divorced), and the number of single mothers among these households has grown in recent decades. This article explores differences in wealth in the US by marital status, gender, and parenting status. It focuses on young baby boomers, finding a minimal gender gap in the wealth of never-married people. However, when controlling for parenthood, strong evidence was found of a family gap in household wealth accumulation, with single mothers and fathers economically disadvantaged in comparison to adults without children. Yet, it was found that single mothers suffer the most severe economic penalties in household wealth accumulation. |
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Bibliography Citation
Yamokoski, Alexis and Lisa A. Keister. "The Wealth of Single Women: Marital Status and Parenthood in the Asset Accumulation of Young Baby Boomers in the United States." Feminist Economics 12,1-2 (January-April 2006):167-194.
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