The Racial Saving Gap Enigma: Unraveling the Role of Institutions

@article{Belton2008TheRS,
  title={The Racial Saving Gap Enigma: Unraveling the Role of Institutions},
  author={Willie J. Belton and Ruth Uwaifo Oyelere},
  journal={Macroeconomics eJournal},
  year={2008}
}
It has been well documented in the literature that ethnicity matters significantly in the determination of savings. In particular, African-American savings lag far behind savings for other ethnic groups. Similarly, the literature also provides evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an explanation for the savings gap that still exists between African-Americans and White Americans even after accounting for… 
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