Race and Wealth Inequality: The Impact of Racial Differences in Asset Ownership on the Distribution of Household Wealth

2000 ◽  
Vol 29 (4) ◽  
pp. 477-502 ◽  
Author(s):  
Lisa A. Keister
Keyword(s):  
Racial Differences ◽  
Wealth Inequality ◽  
Household Wealth ◽  
Asset Ownership ◽  
The Impact

scholarly journals Intergenerational Transfers by Size and Wealth Inequality in Rich Countries

2020 ◽  
Author(s):  
Brian Nolan ◽  
Juan Palomino ◽  
Philippe Van Kerm ◽  
Salvatore Morelli
Keyword(s):  
Wealth Distribution ◽  
Intergenerational Transfers ◽  
Wealth Inequality ◽  
Household Wealth ◽  
Working Paper ◽  
Gender Education ◽  
The Us ◽  
The Uk ◽  
Rich Countries ◽  
The Impact

This paper uses household wealth surveys to compare patterns of intergenerational wealth transfers across six rich countries and assess the relationships between transfers, current levels of net wealth, and wealth inequality. The paper examines four Euro Area countries, France, Germany, Italy, and Spain and extends the systematic comparison to the US and the UK. It finds that many of those currently at the top of the wealth distribution did not benefit from intergenerational transfers, but those who did received particularly large amounts while those toward the bottom of the wealth distribution received very little. A substantial gap in net wealth is seen between those who received or did not receive some wealth transfer. Controlling for age, gender, education and household size reduces the size of that gap but it remains substantial, especially in the US. We further look at how a marginal increase in the proportion of recipients of transfers of differing sizes would contribute to the shape of the overall wealth distribution using influence function regressions. Crucially, we show that the impact depends not only on the locations in the wealth distributions of recipients versus non-recipients, but also on the size of the receipt, an aspect which has been overlooked to date. In most countries, increasing the proportion of recipients of large transfers generally increases overall wealth inequality. In contrast, having more recipients of small or medium- sized transfers would be expected to reduce wealth inequality modestly, as they are more concentrated around the middle of the wealth distribution than non-recipients. (Stone Center on Socio-Economic Inequality Working Paper)

scholarly journals Household Inequality, Entrepreneurial Dynamism, and Corporate Financing

2020 ◽  
Author(s):  
Fabio Braggion ◽  
Mintra Dwarkasing ◽  
Steven Ongena
Keyword(s):  
Wealth Inequality ◽  
Household Wealth ◽  
High Tech ◽  
Home Equity ◽  
Corporate Financing ◽  
Land Distribution ◽  
Business Dynamics ◽  
Household Inequality ◽  
The Impact ◽  
Firm Entry And Exit

Abstract Economic theories posit conflicting hypotheses on how wealth inequality affects entrepre-neurial dynamism. We investigate the impact of wealth inequality on business dynamics by constructing local measures of household wealth inequality based on financial rents, home equity, and 1880 farmland. We then identify the effect of wealth inequality on entrepre-neurship by instrumenting it with land distribution under the 1862 Homestead Act. Wealth inequality decreases firm entry and exit, and the proportion of high-tech businesses across metropolitan statistical areas. Wealth inequality also lowers the supply of public goods, such as education. Growth in income per capita consequently lags.

scholarly journals Police Stop and Frisk and the Impact of Race: A Focal Concerns Theory Approach

2021 ◽  
Vol 10 (6) ◽  
pp. 230
Author(s):  
Anthony Vito ◽  
George Higgins ◽  
Gennaro Vito
Keyword(s):  
Racial Differences ◽  
Theory Approach ◽  
Stop And Frisk ◽  
Focal Concerns ◽  
Police Decision Making ◽  
Reasonable Suspicion ◽  
Quasi Experimental ◽  
Verbal Threat ◽  
The Impact ◽  
Focal Concerns Theory

The findings of this study outline the racial differences in stop and frisk decisions by Illinois officers in consent searches and those based upon reasonable suspicion within the context of the elements of focal concerns theory. The analysis for this study was performed using propensity score matching (PSM) and allowed the researchers to create a quasi-experimental design to examine the race of the citizen and police decision making. According to our analysis of official Illinois law enforcement data, Black citizens, particularly males, were less likely to give their consent to a stop and frisk search. Black male citizens were also more likely to be stopped and searched due to an assessment of reasonable suspicion by the officer. Elements of focal concerns theory were also factors in pedestrian stops under conditions of consent and reasonable suspicion. Citizens judged as blameworthy were more likely to be stopped and frisked under conditions of consent and reasonable suspicion. The effect of a verbal threat and the officer’s prior knowledge about the citizen had even more significant impacts.

scholarly journals Racial Differences in the Impact of Subjective Life Expectancy on Advance Care Planning

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 903-903
Author(s):  
Yifan Lou ◽  
Deborah Carr
Keyword(s):  
Life Expectancy ◽  
Racial Differences ◽  
Advance Care Planning ◽  
Living Will ◽  
Care Planning ◽  
Power Of Attorney ◽  
Risk Of Death ◽  
Advance Care ◽  
Survival Expectations ◽  
The Impact

Abstract The need for advance care planning (ACP) is heightened during the COVID-19 pandemic, especially for older Blacks and Latinx persons who are at a disproportionate risk of death from both infectious and chronic disease. A potentially important yet underexplored explanation for well-documented racial disparities in ACP is subjective life expectancy (SLE), which may impel or impede ACP. Using Health and Retirement Study data (n=7484), we examined the extent to which perceived chances of living another 10 years (100, 51-99, 50, 1-49, or 0 percent) predict three aspects of ACP (living will (LW), durable power of attorney for health care designations (DPAHC), and discussions). We use logistic regression models to predict the odds of each ACP behavior, adjusted for sociodemographic, health, and depressive symptoms. We found modest evidence that SLE predicts ACP behaviors. Persons who are 100% certain they will be alive in ten years are less likely (OR = .68 and .71, respectively) whereas those with pessimistic survival prospects are more likely (OR = 1.23 and 1.15, respectively) to have a LW and a DPAHC, relative to those with modest perceived survival. However, upon closer inspection, these patterns hold only for those whose LW specify aggressive measures versus no LW. We found no race differences for formal aspects of planning (LW, DPAHC) although we did detect differences for informal discussions. Blacks with pessimistic survival expectations are more likely to have discussions, whereas Latinos are less likely relative to whites. We discuss implications for policies and practices to increase ACP rates.

SHIFTING POWER

2018 ◽  
Vol 15 (02) ◽  
pp. 417-439 ◽  
Author(s):  
Brianna Remster ◽  
Rory Kramer
Keyword(s):  
United States ◽  
African American ◽  
Racial Differences ◽  
Mass Incarceration ◽  
Racial Inequalities ◽  
Rural Districts ◽  
Contemporary United States ◽  
The Impact ◽  
Legislative Districts

AbstractWhile prisoners cannot vote, they are counted as residents of the often rural legislative districts where they are incarcerated rather than their home districts. We examine the extent to which incarceration shifts the balance of a representative democracy by considering its impact on legislative apportionment. Drawing on data from the Census, Pennsylvania Department of Corrections, and Pennsylvania Redistricting Commission, we develop a counterfactual framework to examine whether removing and returning prisoners to their home districts affects equal representation. Because prisoners are disproportionately African American, we also employ this counterfactual to assess racial differences in the impact of prison gerrymandering. Findings indicate that incarceration shifts political power from urban districts to suburban and rural districts through legislative apportionment. Moreover, non-White communities suffer the most. We conclude by considering how our findings fit a growing literature on the role of mass incarceration in [re]producing racial inequalities in the contemporary United States.

Cooperation dynamics of polycentric climate governance

2015 ◽  
Vol 25 (13) ◽  
pp. 2503-2517 ◽  
Author(s):  
Vítor V. Vasconcelos ◽  
Francisco C. Santos ◽  
Jorge M. Pacheco
Keyword(s):  
Common Good ◽  
Evolutionary Game ◽  
Wealth Inequality ◽  
Small Scale ◽  
The Poor ◽  
Viable Solution ◽  
The Rich ◽  
Global Coordination ◽  
The Impact ◽  
Climate Change Governance

Global coordination for the preservation of a common good, such as climate, is one of the most prominent challenges of modern societies. In this manuscript, we use the framework of evolutionary game theory to investigate whether a polycentric structure of multiple small-scale agreements provides a viable solution to solve global dilemmas as climate change governance. We review a stochastic model which incorporates a threshold game of collective action and the idea of risky goods, capturing essential features unveiled in recent experiments. We show how reducing uncertainty both in terms of the perception of disaster and in terms of goals induce a transition to cooperation. Taking into account wealth inequality, we explore the impact of the homophily, potentially present in the network of influence of the rich and the poor, in the different contributions of the players. Finally, we discuss the impact of polycentric sanctioning institutions, showing how such a scenario also proves to be more efficient than a single global institution.

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