The Role of Permanent Income and Demographics in Black/white Differences in Wealth

Abstract

We explore the extent to which the huge race gap in wealth can be explained with properly constructed income and demographic variables. In some instances we explain the entire wealth gap with income and demographics provided that we estimate the wealth model on a sample of whites. However, we typically explain a much smaller fraction when we estimate the… (More)

Topics

8 Figures and Tables

Cite this paper

@inproceedings{Altonji2002TheRO, title={The Role of Permanent Income and Demographics in Black/white Differences in Wealth}, author={Joseph G. Altonji and Ulrich Doraszelski}, year={2002} }