Housing and wealth inequality: Racial-ethnic differences in home equity in the United States

@article{Krivo2011HousingAW,
  title={Housing and wealth inequality: Racial-ethnic differences in home equity in the United States},
  author={Lauren J. Krivo and Robert L. Kaufman},
  journal={Demography},
  year={2011},
  volume={41},
  pages={585-605}
}
In our study, we took a first step toward broadening our understanding of the sources of both housing and wealth inequality by studying differences in housing equity among blacks, Hispanics, Asians, and non-Hispanic whites in the United States. Using data from the American Housing Survey, we found substantial and significant gaps in housing equity for blacks and Hispanics (but not for Asians) compared with whites, even after we controlled for a wide range of locational, life-cycle… Expand
View on Springer
read.dukeupress.edu
188 Citations
Highly Influential Citations
4
Background Citations
65
Methods Citations
3
Results Citations
4

188 Citations

Citation Type

Citation Type

Closing the Wealth Gap: A Review of Racial and Ethnic Inequalities in Homeownership
Homeownership plays an important role in the socioeconomic well-being of Americans. Despite recent major losses in wealth due to the subprime market crash, home equity remains the largest source of… Expand
A Dynamic Study of Racial Inequality in Home Equity during the Housing Bubble
From 2001 to 2005 the American housing market witnessed a housing bubble with rising housing prices and home ownership rates. Home equity that constitutes a large share of net worth for most families… Expand
New evidence on racial and ethnic disparities in homeownership in the United States from 2001 to 2010.
TLDR
The results suggest the homeownership differences between whites, Asians, Mexicans, and Cubans are apparently explained by socioeconomic status while racial disparities among blacks and Puerto Ricans evolved but continue to persist. Expand
House poor in Los Angeles: examining patterns of housing-induced poverty by race, nativity, and legal status
  • E. McConnell
  • Political Science, Medicine
  • Housing policy debate
  • 2012
TLDR
Los Angeles Family and Neighborhood Survey data are employed to consider racial/ethnic, nativity and legal status differences in one residual income standard of housing affordability to suggest Latino natives are significantly more likely to be in housing-induced poverty than African Americans and Latino immigrants. Expand
Inequality in the “Cradle of Liberty”: Race/Ethnicity and Wealth in Greater Boston
New data collected for the Boston Metropolitan Statistical Area provide detailed information on financial assets that allow analysis to extend beyond the traditional black–white divide. Targeting… Expand
Withdrawing Home Equity: Differences Across Race and Ethnicity
Extracting home equity has become increasingly popular in the last decade, especially among subprime borrowers. Using the American Housing Survey, this paper examines the differences in the… Expand
Growing Farther Apart: Racial and Ethnic Inequality in Household Wealth Across the Distribution
This article investigates net worth disparities by race and ethnicity using pooled data from the 1998–2013 waves of the U.S. Survey of Consumer Finances. I apply unconditional quantile regression… Expand
The Role of SES in Shaping the Residential Patterns of Whites in U.S. Metropolitan Areas
Research examining the contribution of racial and ethnic differences in socioeconomic (SES) levels to minority-white segregation has concluded that while class matters, it cannot fully account for… Expand
Who has Housing Affordability Problems? Disparities in Housing Cost Burden by Race, Nativity, and Legal Status in Los Angeles
TLDR
The results suggest that immigrants’ legal status is the primary source of disparities among those examined, with the multivariate analyses revealing large and persistent disparities for unauthorized Latino immigrants relative to most other groups. Expand
A Wealth of Inequalities: Mass Incarceration, Employment, and Racial Disparities in U.S. Household Wealth, 1996 to 2011
Despite the strong relationship between the rise in mass incarceration over the last forty years and racial inequality in employment and wages, few studies have examined the long-term consequences… Expand
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 74 REFERENCES
Racial and Ethnic Inequality in Homeownership and Housing Equity
Wealth inequality, particularly in housing, has received increased attention in recent years for its importance to racial and ethnic stratification. Yet, while we know a fair amount about black-white… Expand
WEALTH ACCUMULATION OF BLACK AND WHITE MEN: THE CASE OF HOUSING EQUITY*
This paper looks at racial differences in how male workers accumulate housing equity. Findings from a national sample suggest major differences favoring whites in the payoff to such characteristics… Expand
Racial/Ethnic Differences in Home Ownership and Housing Quality, 1991
This study uses two data sets to examine racial/ethnic differences in three aspects of housing consumption — housing unit inadequacy, proximity to abandoned buildings, and home ownership — in the New… Expand
Racial differences in household wealth: Beyond Black and White
Abstract Over the past decade, micro-level studies of wealth have established extreme racial differences in wealth ownership [Keister, L. (2004). Race, family structure, and wealth: The effect of… Expand
Race, Class, and Family Structure: Differences in Housing Values for Black and White Homeowners
Several scholars have argued that the continuing disadvantage of the black vis-a-vis the white people has more to do with social class factors than with race. Other scholars have suggested that… Expand
Race and Wealth Inequality: The Impact of Racial Differences in Asset Ownership on the Distribution of Household Wealth
Abstract What accounts for persistent racial differences in wealth ownership? Previous research has debated the role that differences in asset ownership play in creating and maintaining wealth… Expand
Immigrant characteristics and Hispanic-Anglo housing inequality
TLDR
It is argued that immigrant characteristics of Hispanic households and the metropolitan areas in which Hispanics live play important roles in determining such inequality in the housing market and immigration plays a role in explaining relatively low homeownership and high household crowding for each of four large Hispanic populations. Expand
Ethnic Inequality in Home Ownership and the Value of Housing: The Case of Immigrants in Israel
This article aims to contribute to an understanding of how immigrants are incorporated into the stratification system by focusing on ownership of housing. The hypothesis is that time of immigration… Expand
Assimilation and Stratification in the Homeownership Patterns of Racial and Ethnic Groups 1
TLDR
This study investigates homeownership differences among twelve racial/ethnic groups using the Public Use Sample data (PUMS) of the 1980 census to identify differences among non-Hispanic whites, blacks, American Indians, and Asian and Hispanic groups in access to homeownership. Expand
Being Black, Living in the Red: Race, Wealth, and Social Policy in America.
"Being Black, Living in the Red" demonstrates that many differences between blacks and whites stem not from race but from economic inequalities that have accumulated over the course of American… Expand
...
1
2
3
4
5
...