Lifetime Inheritances of Three Generations of Whites and Blacks1

@article{Avery2002LifetimeIO,
  title={Lifetime Inheritances of Three Generations of Whites and Blacks1},
  author={Robert B. Avery and Michael S. Rendall},
  journal={American Journal of Sociology},
  year={2002},
  volume={107},
  pages={1300 - 1346}
}
This article estimates lifetime inheritances by combining survey self‐reports of inheritances received with forecasts of prospective inheritances. These estimates encompass whites and blacks of the baby boom generation and the two preceding generations. The white‐black gap in lifetime inheritances is found to increase both absolute and relative racial wealth inequality. The gap is estimated to be much larger for the baby boom generation than for previous generations. Combined with the stalling… Expand
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