Do Racial Disparities in Private Transfers Help Explain the Racial Wealth Gap? New Evidence From Longitudinal Data
Author
Abstract
Suggested Citation
DOI: 10.1007/s13524-014-0296-7
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Becker, Gary S, 1974.
"A Theory of Social Interactions,"
Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-1093, Nov.-Dec..
- Gary S. Becker, 1974. "A Theory of Social Interactions," NBER Working Papers 0042, National Bureau of Economic Research, Inc.
- repec:bla:revinw:v:43:y:1997:i:4:p:423-48 is not listed on IDEAS
- Modigliani, Franco, 1988. "The Role of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 15-40, Spring.
- Barro, Robert J, 1974.
"Are Government Bonds Net Wealth?,"
Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
- Barro, Robert J., 1974. "Are Government Bonds Net Wealth?," Scholarly Articles 3451399, Harvard University Department of Economics.
- Cox, Donald & Jappelli, Tullio, 1990. "Credit Rationing and Private Transfers: Evidence from Survey Data," The Review of Economics and Statistics, MIT Press, vol. 72(3), pages 445-454, August.
- Yoon G. Lee & Charles Yuji Horioka, 2004. "The Strength and Nature of Bequest Motives in the United States," Econometric Society 2004 Far Eastern Meetings 675, Econometric Society.
- Maury Gittleman & Edward N. Wolff, 2004. "Racial Differences in Patterns of Wealth Accumulation," Journal of Human Resources, University of Wisconsin Press, vol. 39(1).
- Francine D. Blau & John W. Graham, 1990.
"Black-White Differences in Wealth and Asset Composition,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(2), pages 321-339.
- Francine D. Blau & John W. Graham, 1989. "Black-White Differences in Wealth and Asset Composition," NBER Working Papers 2898, National Bureau of Economic Research, Inc.
- Cox, Donald & Rank, Mark R, 1992. "Inter-vivos Transfers and Intergenerational Exchange," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 305-314, May.
- Oaxaca, Ronald, 1973.
"Male-Female Wage Differentials in Urban Labor Markets,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(3), pages 693-709, October.
- Ronald L Oaxaca, 1971. "Male-Female Wage Differentials in Urban Labor Markets," Working Papers 396, Princeton University, Department of Economics, Industrial Relations Section..
- William G. Gale & John Karl Scholz, 1994.
"Intergenerational Transfers and the Accumulation of Wealth,"
Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 145-160, Fall.
- W. G. Gale & J. K. Scholz, "undated". "Intergenerational transfers and the accumulation of wealth," Institute for Research on Poverty Discussion Papers 1019-93, University of Wisconsin Institute for Research on Poverty.
- William G. Gale & John Karl Scholz, 1991. "Intergenerational Transfers and the Accumulation of Wealth," UCLA Economics Working Papers 624, UCLA Department of Economics.
- Gale, W.G. & Scholz, K., 1993. "Intergenerational Transfers and Accumulation of Wealth," Working papers 9315, Wisconsin Madison - Social Systems.
- Donald Cox, 1990.
"Intergenerational Transfers and Liquidity Constraints,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(1), pages 187-217.
- Donald Cox, 1987. "Intergenerational Transfers and Liquidity Constraints," Boston College Working Papers in Economics 157, Boston College Department of Economics.
- Martin David & Timothy Smeeding, 1985. "Horizontal Equity, Uncertainty, and Economic Well-Being," NBER Books, National Bureau of Economic Research, Inc, number davi85-1.
- Kathleen McGarry & Robert F. Schoeni, 1995. "Transfer Behavior in the Health and Retirement Study: Measurement and the Redistribution of Resources within the Family," Journal of Human Resources, University of Wisconsin Press, vol. 30, pages 184-226.
- Kochar, Anjini, 1997. "An empirical investigation of rationing constraints in rural credit markets in India," Journal of Development Economics, Elsevier, vol. 53(2), pages 339-371, August.
- Donald Cox & Fredric Raines, 1985. "Interfamily Transfers and Income Redistribution," NBER Chapters, in: Horizontal Equity, Uncertainty, and Economic Well-Being, pages 393-426, National Bureau of Economic Research, Inc.
- Kessler, Denis & Masson, Andre, 1989. "Bequest and Wealth Accumulation: Are Some Pieces of the Puzzle Missing?," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 141-152, Summer.
- Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1986.
"The Strategic Bequest Motive,"
Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 151-182, July.
- Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1985. "The Strategic Bequest Motive," Journal of Political Economy, University of Chicago Press, vol. 93(6), pages 1045-1076, December.
- Shleifer, Andrei & Summers, Lawrence H. & Bernheim, B. Douglas, 1986. "The Strategic Bequest Motive," Scholarly Articles 3721794, Harvard University Department of Economics.
- Julie Zissimopoulos, 2001. "Resource Transfers to the Elderly Do Adult Children Substitute Financial Transfers for Time Transfers?," Working Papers DRU-2542, RAND Corporation.
- Kotlikoff, Laurence J & Summers, Lawrence H, 1981.
"The Role of Intergenerational Transfers in Aggregate Capital Accumulation,"
Journal of Political Economy, University of Chicago Press, vol. 89(4), pages 706-732, August.
- Laurence J. Kotlikoff & Lawrence H. Summers, 1980. "The Role of Intergenerational Transfers in Aggregate Capital Accumulation," NBER Working Papers 0445, National Bureau of Economic Research, Inc.
- Frank P. Stafford & Ngina S. Chiteji, 1999. "Portfolio Choices of Parents and Their Children as Young Adults: Asset Accumulation by African-American Families," American Economic Review, American Economic Association, vol. 89(2), pages 377-380, May.
- Altonji, Joseph G & Hayashi, Fumio & Kotlikoff, Laurence J, 1997.
"Parental Altruism and Inter Vivos Transfers: Theory and Evidence,"
Journal of Political Economy, University of Chicago Press, vol. 105(6), pages 1121-1166, December.
- Joseph G. Altonji & Fumio Hayashi & Laurence Kotlikoff, "undated". "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," IPR working papers 95-22, Institute for Policy Resarch at Northwestern University.
- Joseph G. Altonji & Fumio Hayashi & Laurence Kotlikoff, 1995. "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," NBER Working Papers 5378, National Bureau of Economic Research, Inc.
- Joseph G. Altonji & Fumio Hayashi & Laurence J. Kotlikoff, 1995. "Parental Altruism and Inter Vivos Transfers: Theory and Evidence," Boston University - Institute for Economic Development 65, Boston University, Institute for Economic Development.
- Cox, Donald, 1987. "Motives for Private Income Transfers," Journal of Political Economy, University of Chicago Press, vol. 95(3), pages 508-546, June.
- McKernan, Signe-Mary & Pitt, Mark M. & Moskowitz, David, 2005. "Use of the formal and informal financial sectors : does gender matter? empirical evidence from rural Bangladesh," Policy Research Working Paper Series 3491, The World Bank.
- Robert F. Schoeni, 1997.
"Private Interhousehold Transfers Of Money And Time: New Empirical Evidence,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(4), pages 423-448, December.
- Lam, D. & Schoeni, R.F., 1993. "Private Interhousehold Transfers of Money and Time: New Empirical Evidence," Papers 93-26, RAND - Labor and Population Program.
- Julie Zissimopoulos, 2001. "Resource Transfers to the Elderly: Do Adult Children Substitute Financial Transfers for Time Transfers?," Working Papers 01-05, RAND Corporation.
- François‐Charles Wolff & Seymour Spilerman & Claudine Attias‐Donfut, 2007. "Transfers From Migrants To Their Children: Evidence That Altruism And Cultural Factors Matter," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 53(4), pages 619-644, December.
- Menchik, Paul L & Jianakoplos, Nancy Ammon, 1997. "Black-White Wealth Inequality: Is Inheritance the Reason?," Economic Inquiry, Western Economic Association International, vol. 35(2), pages 428-442, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Irene Ferrari, 2020.
"The nativity wealth gap in Europe: a matching approach,"
Journal of Population Economics, Springer;European Society for Population Economics, vol. 33(1), pages 33-77, January.
- Ferrari, Irene, 2017. "The Nativity Wealth Gap in Europe: a Matching Approach," MEA discussion paper series 201708, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Ferrari, Irene, 2019. "The Nativity Wealth Gap in Europe: a Matching Approach," GLO Discussion Paper Series 325, Global Labor Organization (GLO).
- Begley, Jaclene, 2017. "Legacies of homeownership: Housing wealth and bequests," Journal of Housing Economics, Elsevier, vol. 35(C), pages 37-50.
- Edward N. Wolff, 2022. "African‐American and Hispanic Income, Wealth and Homeownership since 1989," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(1), pages 189-233, March.
- Nam, Yunju, 2020. "Parents’ financial assistance for college and black-white disparities in post-secondary educational attainment," Children and Youth Services Review, Elsevier, vol. 110(C).
- Muckenhuber, Mattias & Rehm, Miriam & Schnetzer, Matthias, 2021. "The migrant wealth gap at the household level: Evidence from RIF regressions for Austria," ifso working paper series 15, University of Duisburg-Essen, Institute for Socioeconomics (ifso).
- Njeri Kagotho & Neema N. Salim & Michele Patak‐Pietrafesa & Stavroula Kyriakakis, 2021. "Inheriting the family farm: Generational wealth transfers in rural Kenya," Development Policy Review, Overseas Development Institute, vol. 39(S1), pages 42-60, August.
- LaVoice, Jessica & Vamossy, Domonkos F., 2024.
"Racial disparities in debt collection,"
Journal of Banking & Finance, Elsevier, vol. 164(C).
- Jessica LaVoice & Domonkos F. Vamossy, 2019. "Racial Disparities in Debt Collection," Papers 1910.02570, arXiv.org, revised Jun 2023.
- Peter Ganong & Damon Jones & Pascal J. Noel & Fiona E. Greig & Diana Farrell & Chris Wheat, 2020.
"Wealth, Race, and Consumption Smoothing of Typical Income Shocks,"
NBER Working Papers
27552, National Bureau of Economic Research, Inc.
- Peter Ganong & Damon Jones & Pascal Noel & Diana Farrell & Fiona Greig & Chris Wheat, 2020. "Wealth, Race, and Consumption Smoothing of Typical Income Shocks," Working Papers 2020-49, Becker Friedman Institute for Research In Economics.
- Nam, Yunju, 2021. "Parents’ financial assistance for college and black-white wealth disparity," Children and Youth Services Review, Elsevier, vol. 128(C).
- Ryan Compton & Daniel Giedeman & Leslie Muller, 2018. "Racial Differentials in the Wealth Effects of the Financial Crisis and Great Recession," Journal of Economics, Race, and Policy, Springer, vol. 1(2), pages 126-141, September.
- Mattias Muckenhuber & Miriam Rehm & Matthias Schnetzer, 2022. "A Tale of Integration? The Migrant Wealth Gap in Austria," European Journal of Population, Springer;European Association for Population Studies, vol. 38(2), pages 163-190, May.
- Danielle Winchester & Sandra Huston, 2013. "Keeping Your Financial Planner to Yourself: Racial and Cultural Differences in Financial Planner Referrals," The Review of Black Political Economy, Springer;National Economic Association, vol. 40(2), pages 165-184, June.
- Sunwoo T. Lee & Kyoung Tae Kim, 2022. "A Decomposition Analysis of Racial/Ethnic Differences in Financial Knowledge and Overconfidence," Journal of Family and Economic Issues, Springer, vol. 43(4), pages 815-831, December.
- Yoko Mimura, 2021. "Associations Between Financial Transfer from Grandparents and Family Expenditures for Children’s Precollege Education in Japan," Journal of Family and Economic Issues, Springer, vol. 42(4), pages 715-728, December.
- Rob Gruijters & Zachary van Winkle & Anette Fasang, 2023. "Life Course Trajectories and Wealth Accumulation in the United States: Comparing Late Baby Boomers and Early Millennials," Post-Print hal-04278042, HAL.
- Jermaine Toney & Darrick Hamilton, 2022. "Economic insecurity in the family tree and the racial wealth gap," Review of Evolutionary Political Economy, Springer, vol. 3(3), pages 539-574, October.
- Deokrye Baek & Christian Raschke, 2016. "The Impact of SNAP Vehicle Asset Limits on Household Asset Allocation," Southern Economic Journal, John Wiley & Sons, vol. 83(1), pages 146-175, July.
- 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.
- Gregory Sharp & Ellen Whitehead & Matthew Hall, 2020. "Tapped Out? Racial Disparities in Extrahousehold Kin Resources and the Loss of Homeownership," Demography, Springer;Population Association of America (PAA), vol. 57(5), pages 1903-1928, October.
- Gennetian, Lisa A. & Rodrigues, Christopher & Hill, Heather D. & Morris, Pamela A., 2018. "Stability of income and school attendance among NYC students of low-income families," Economics of Education Review, Elsevier, vol. 63(C), pages 20-30.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Arrondel, Luc & Masson, Andre, 2006.
"Altruism, exchange or indirect reciprocity: what do the data on family transfers show?,"
Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 14, pages 971-1053,
Elsevier.
- Luc Arrondel & André Masson, 2002. "Altruism, Exchange or Indirect Reciprocity: What do the Data on Family Transfers Show?," DELTA Working Papers 2002-18, DELTA (Ecole normale supérieure).
- Luc Arrondel & André Masson, 2006. "Altruism, Exchange or Indirect Reciprocity: What Do the Data on Family Transfers Show?," Post-Print halshs-00754736, HAL.
- Edward Wolff & Maury Gittleman, 2014.
"Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?,"
The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(4), pages 439-468, December.
- Edward N. Wolff & Maury Gittleman, 2011. "Inheritances and the Distribution of Wealth Or Whatever Happened to the Great Inheritance Boom?," BCL working papers 55, Central Bank of Luxembourg.
- Wolff, Edward N. & Gittleman, Maury, 2011. "Inheritances and the distribution of wealth or whatever happened to the great inheritance boom?," Working Paper Series 1300, European Central Bank.
- Marta Melguizo Garde, 2007. "La motivación de las transmisiones lucrativas entre generaciones de una familia: modelos teóricos y evidencia empírica," Hacienda Pública Española / Review of Public Economics, IEF, vol. 181(2), pages 81-118, June.
- Barnet-Verzat, Christine & Wolff, Francois-Charles, 2002.
"Motives for pocket money allowance and family incentives,"
Journal of Economic Psychology, Elsevier, vol. 23(3), pages 339-366, June.
- Christine Barnet-Verzat & François-Charles Wolff, 2002. "Motives for pocket money allowance and family incentives," Post-Print hal-03913051, HAL.
- Luc Arrondel & François-Charles Wolff, 1998.
"La nature des transferts inter vivos en France : investissements humains, aides financières et transmission du patrimoine,"
Économie et Prévision, Programme National Persée, vol. 135(4), pages 1-27.
- Luc Arrondel & François-Charles Wolff, 1998. "La nature des transferts inter vivos en France : investissements humains, aides financières et transmission du patrimoine," Post-Print hal-03912986, HAL.
- McGarry, Kathleen, 1999.
"Inter vivos transfers and intended bequests,"
Journal of Public Economics, Elsevier, vol. 73(3), pages 321-351, September.
- Kathleen McGarry, 1997. "Inter vivos Transfers and Intended Bequests," NBER Working Papers 6345, National Bureau of Economic Research, Inc.
- Wolff, Francois-Charles & Laferrere, Anne, 2006. "Microeconomic models of family transfers," Handbook on the Economics of Giving, Reciprocity and Altruism, in: S. Kolm & Jean Mercier Ythier (ed.), Handbook of the Economics of Giving, Altruism and Reciprocity, edition 1, volume 1, chapter 13, pages 889-969, Elsevier.
- Paula C. Albuquerque, 2014. "The Interaction of Private Intergenerational Transfers Types," Working Papers Department of Economics 2014/03, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Ana Fernandes, 2011. "Altruism, labor supply and redistributive neutrality," Journal of Population Economics, Springer;European Society for Population Economics, vol. 24(4), pages 1443-1469, October.
- Stefan Hochguertel & Henry Ohlsson, 2009.
"Compensatory inter vivos gifts,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(6), pages 993-1023.
- Stefan Hochguertel & Henry Ohlsson, 2000. "Compensatory inter vivos gifts," Economics Working Paper Archive wp_319, Levy Economics Institute.
- Stefan Hochguertel & Henry Ohlsson, 2007. "Compensatory Inter Vivos Gifts," Tinbergen Institute Discussion Papers 07-074/3, Tinbergen Institute.
- Stefan Hochguertel & Henry Ohlsson, 2001. "Compensatory Inter Vivos Gifts," Macroeconomics 0012006, University Library of Munich, Germany.
- Hochguertel , Stefan & Ohlsson, Henry, 2000. "Compensatory inter vivos gifts," Working Papers in Economics 31, University of Gothenburg, Department of Economics.
- Steven J. Haider & Kathleen McGarry, 2005. "Recent Trends in Resource Sharing Among the Poor," NBER Working Papers 11612, National Bureau of Economic Research, Inc.
- Laitner, John & Ohlsson, Henry, 2001.
"Bequest motives: a comparison of Sweden and the United States,"
Journal of Public Economics, Elsevier, vol. 79(1), pages 205-236, January.
- Laitner, J. & Ohlsson, H., 1998. "Bequest Motives: a Comparison of Sweden and the United States," Papers 1998:16, Uppsala - Working Paper Series.
- Laitner, John & Ohlsson, Henry, 1998. "Bequest Motives: A Comparison of Sweden and the United States," Working Paper Series 1998:16, Uppsala University, Department of Economics.
- Kristopher Gerardi & Yuping Tsai, 2014.
"The Effect of Social Entitlement Programmes on Private Transfers: New Evidence of Crowding Out,"
Economica, London School of Economics and Political Science, vol. 81(324), pages 721-746, October.
- Kristopher Gerardi & Yuping Tsai, 2010. "The effect of social entitlement programs on private transfers: new evidence of crowding out," FRB Atlanta Working Paper 2010-15, Federal Reserve Bank of Atlanta.
- Mauro Baranzini, 2005. "Modigliani's life-cycle theory of savings fifty years later," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 58(233-234), pages 109-172.
- repec:dgr:uvatin:20070074 is not listed on IDEAS
- Mauro Baranzini, 2005. "Modigliani's life-cycle theory of savings fifty years later," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 58(233-234), pages 109-172.
- Stefan Hochguertel & Henry Ohlsson, 2009. "Compensatory inter vivos gifts," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 24(6), pages 993-1023.
- Rob Alessie & Viola Angelini & Giacomo Pasini, 2014.
"Is It True Love? Altruism Versus Exchange in Time and Money Transfers,"
De Economist, Springer, vol. 162(2), pages 193-213, June.
- Giacomo Pasini & Rob Alessie & Viola Angelini, 2011. "Is it true love? Altruism versus exchange in time and money transfers," Working Papers 2011_27, Department of Economics, University of Venice "Ca' Foscari".
- Cox, Donald & Hansen, Bruce E. & Jimenez, Emmanuel, 2004.
"How responsive are private transfers to income? Evidence from a laissez-faire economy,"
Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2193-2219, August.
- Donald Cox & Bruce E. Hansen & Emmanuel Jimenez, 1997. "How Responsive are Private Transfers to Income? Evidence from a Laissez-Faire Economy," Boston College Working Papers in Economics 341., Boston College Department of Economics, revised 01 Dec 1999.
- Francois-Charles Wolff & Seymour Spilerman & Claudine Attias-Donfut, 2005. "Do Parents Help More their Less Well-Off Children? Evidence from a Sample of Migrants to France," Microeconomics 0504001, University Library of Munich, Germany.
- William G. Gale & John Karl Scholz, 1994.
"Intergenerational Transfers and the Accumulation of Wealth,"
Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 145-160, Fall.
- W. G. Gale & J. K. Scholz, "undated". "Intergenerational transfers and the accumulation of wealth," Institute for Research on Poverty Discussion Papers 1019-93, University of Wisconsin Institute for Research on Poverty.
- William G. Gale & John Karl Scholz, 1991. "Intergenerational Transfers and the Accumulation of Wealth," UCLA Economics Working Papers 624, UCLA Department of Economics.
- Gale, W.G. & Scholz, K., 1993. "Intergenerational Transfers and Accumulation of Wealth," Working papers 9315, Wisconsin Madison - Social Systems.
More about this item
Keywords
Wealth; Race and ethnicity; Private transfers;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:demogr:v:51:y:2014:i:3:p:949-974. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.