Search Results

Title: Does Wealth Explain Black-White Differences in Early Employment Careers?
Resulting in 1 citation.
1. Rendon, Silvio Roberto
Does Wealth Explain Black-White Differences in Early Employment Careers?
Journal of Business and Economic Statistics 25,4 (October 2007): 484-500.
Also: http://pubs.amstat.org/doi/abs/10.1198/073500107000000124
Cohort(s): NLSY79
Publisher: American Statistical Association
Keyword(s): Discrimination; Economics of Minorities; Income; Job Search; Labor Market Demographics; Racial Differences; Wage Gap; Wealth

In this article I inquire about the effects initial wealth has on black-white differences in early employment careers. I set up a dynamic model in which individuals simultaneously search for a job and accumulate wealth, and fit it to data from the National Longitudinal Survey (1979-cohort). Regime changes and decompositions of racial differences reveal that differences in the labor market environment and in preferences account fully for racial gaps in wealth and in wages persisting several years after high school graduation. Differences in initial wealth partially explain differences in early employment careers.
Bibliography Citation
Rendon, Silvio Roberto. "Does Wealth Explain Black-White Differences in Early Employment Careers?" Journal of Business and Economic Statistics 25,4 (October 2007): 484-500.