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The Demographics of Wealth - How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy. Essay No. 1: Race, Ethnicity and Wealth

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  • Ray Boshara
  • William R. Emmons
  • Bryan J. Noeth

Abstract

This first essay in the \\"Demographics of Wealth\\" series examines the connection between race or ethnicity and wealth accumulation over the past quarter-century. As with subsequent essays, this one is the result of an analysis of data collected between 1989 and 2013 through the Federal Reserve's Survey of Consumer Finances. More than 40,000 heads of households were interviewed over those years.

Suggested Citation

  • Ray Boshara & William R. Emmons & Bryan J. Noeth, 2015. "The Demographics of Wealth - How Age, Education and Race Separate Thrivers from Strugglers in Today's Economy. Essay No. 1: Race, Ethnicity and Wealth," Demographics of Wealth, Federal Reserve Bank of St. Louis, issue 1, pages 1-24.
    • Handle: RePEc:fip:fedldw:00001
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    References listed on IDEAS

    as
    1. Tao Li, 2014. "Expert advising under checks and balances," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 42(2), pages 477-502, February.
    2. Chun-Yu Ho & Xin Li & Weimin Zhou, 2014. "Unbalanced growth and health care expenditure," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 22(4), pages 739-758, October.
    3. William R. Emmons & Bryan J. Noeth, 2013. "Economic vulnerability and financial fragility," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 361-388.
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    Citations

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    Cited by:

    1. Luke Petach & Daniele Tavani, 2021. "Differential Rates of Return and Racial Wealth Inequality," Journal of Economics, Race, and Policy, Springer, vol. 4(3), pages 115-165, September.
    2. Robert B. Williams, 2017. "Wealth Privilege and the Racial Wealth Gap: A Case Study in Economic Stratification," The Review of Black Political Economy, Springer;National Economic Association, vol. 44(3), pages 303-325, December.
    3. António R. Antunes & Valerio Ercolani, 2020. "Intergenerational wealth inequality: the role of demographics," Working Papers w202009, Banco de Portugal, Economics and Research Department.
    4. Hazra, Devika, 2022. "Does monetary policy favor the skilled? − Distributional role of monetary policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 86(C), pages 65-86.
    5. Kara, Alper & Zhou, Haoyong & Zhou, Yifan, 2021. "Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe," International Review of Financial Analysis, Elsevier, vol. 77(C).
    6. Vitor Leone & Piers Thompson, 2024. "Financial literacy and advice perceptions among UK higher education students: an ethnicity tale?," Review of Economics of the Household, Springer, vol. 22(2), pages 709-781, June.
    7. Christina M. Gibson-Davis & Christine Percheski, 2018. "Children and the Elderly: Wealth Inequality Among America’s Dependents," Demography, Springer;Population Association of America (PAA), vol. 55(3), pages 1009-1032, June.

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