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Black-White Differences in Consumption: An Update and Some Policy Implications

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  • Charles Betsey

Abstract

Marcus Alexis, in his Ph. D. dissertation and in later published work, conducted pioneering work in the area of black-white differences in consumption behavior and thereby influenced our understanding of household behavior and significantly impacted the field of marketing. This paper recapitulates his findings and reviews some contemporary work on black-white differences in consumption and some implications for future work on differences in consumption behavior. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Charles Betsey, 2014. "Black-White Differences in Consumption: An Update and Some Policy Implications," The Review of Black Political Economy, Springer;National Economic Association, vol. 41(3), pages 259-270, September.
    • Handle: RePEc:spr:blkpoe:v:41:y:2014:i:3:p:259-270
    DOI: 10.1007/s12114-014-9187-9
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    References listed on IDEAS

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    1. Kerwin Kofi Charles & Erik Hurst & Nikolai Roussanov, 2009. "Conspicuous Consumption and Race," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(2), pages 425-467.
    2. Signe-Mary McKernan & Caroline Ratcliffe & Margaret Simms & Sisi Zhang, 2014. "Do Racial Disparities in Private Transfers Help Explain the Racial Wealth Gap? New Evidence From Longitudinal Data," Demography, Springer;Population Association of America (PAA), vol. 51(3), pages 949-974, June.
    3. Milton Friedman, 1957. "Introduction to "A Theory of the Consumption Function"," NBER Chapters, in: A Theory of the Consumption Function, pages 1-6, National Bureau of Economic Research, Inc.
    4. Dorothy S. Brady & Rose D. Friedman, 1947. "Savings and the Income Distribution," NBER Chapters, in: Studies in Income and Wealth, Volume 10, pages 247-265, National Bureau of Economic Research, Inc.
    5. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1.
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