Race, Family Structure, and Wealth: The Effect of Childhood Family on Adult Asset Ownership

  title={Race, Family Structure, and Wealth: The Effect of Childhood Family on Adult Asset Ownership},
  author={Lisa A. Keister},
  journal={Sociological Perspectives},
  pages={161 - 187}
  • L. Keister
  • Published 1 June 2004
  • Economics
  • Sociological Perspectives
Racial differences in wealth ownership are among the most extreme and persistent forms of stratification in the United States, but the factors that contribute to this inequality are unclear. One potentially important contributing factor is family background. It is a critical determinant of attainment, and both childhood family resources and family structure vary racially. This article reports that family size during childhood contributes significantly to racial differences in adult wealth. I… Expand

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