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Title: Black-White Wealth Inequality: Is Inheritance the Reason?
Resulting in 1 citation.
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Menchik, Paul L. Jianakoplos, Nancy Ammon |
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Black-White Wealth Inequality: Is Inheritance the Reason? Economic Inquiry 35,2 (April 1997): 428-442. Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1465-7295.1997.tb01920.x/abstract Cohort(s): Older Men Publisher: Western Economic Association International Keyword(s): Income Dynamics/Shocks; Income Level; Inheritance; Racial Differences; Wealth Racial differences in the receipt of financial inheritances help to explain why the average difference in wealth between black and white households is larger than the average difference in income.Using data from a panel of prime-aged males and from a representative survey of the U. S. population. We document the greater likelihood of white households receiving an inheritance than Black household. Controlling for other factors which contribute to racial differences in wealth we estimate that financial inheritance may account for between 10% and 20% of the average difference in black-white household wealth. Copyright Western Economic Association International. |
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Bibliography Citation
Menchik, Paul L. and Nancy Ammon Jianakoplos. "Black-White Wealth Inequality: Is Inheritance the Reason?" Economic Inquiry 35,2 (April 1997): 428-442.
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