Race and the Accumulation of Wealth: Racial Differences in Net Worth over the Life Course, 1989-2009

Author(s):  
Melvin Thomas ◽  
Cedric Herring ◽  
Hayward Derrick Horton ◽  
Moshe Semyonov ◽  
Loren Henderson ◽  
...  
2020 ◽  
Vol 61 (2) ◽  
pp. 153-169 ◽  
Author(s):  
Courtney Boen ◽  
Lisa Keister ◽  
Brian Aronson

A large body of research links wealth and health, but most previous work focuses on net worth. However, the assets and debts that comprise wealth likely relate to health in different and meaningful ways. Furthermore, racial differences in wealth portfolios may contribute to racial health gaps. Using longitudinal data from the Panel Study of Income Dynamics (PSID) and mixed effects growth curve models, we examined the associations between various wealth components and multiple health outcomes. We also investigated whether black–white differences in wealth portfolios contributed to racial health inequality. We found that savings, stock ownership, and homeownership consistently improve health, but debt is associated with worse health, even after adjusting for total net worth. We found little evidence that home equity is associated with health. Findings also revealed differential health returns to assets by race. These findings provide new insights into the complex relationship among race, wealth, and health.


2011 ◽  
Vol 35 (3) ◽  
pp. 275-322 ◽  
Author(s):  
Cheryl Elman ◽  
Andrew S. London

We explore racial differences in multigenerational living arrangements in 1910, focusing on trigenerational kin structures. Coresidence across generations represents a public function of the family, and we observe this across different ages or life-course stages through which adults came to be at risk for providing simultaneous household support for multiple generations of kin dependents. Using data from the 1.4 percent 1910 Integrated Public Use Microdata Sample, our comparisons adjust for marital turnover, including widow(er)hood/divorce and remarriage, as rates are known to be historically higher among African Americans in this period. Across subgroups defined by age and sex, we find that African Americans are virtually always as likely as or more likely than European Americans (of both native and foreign parentage) to live as grandparents in trigenerational households. Widow(er)hood/divorce generally increased the likelihood of trigenerational coresidence, while remarriage sometimes increased, sometimes decreased, and sometimes had no association with this living arrangement. Also, we find that the life-course staging of household kin support in 1910 differed across race/generation partly due to different economic and demographic circumstances, suggesting more complexity in kin support than previously considered. We discuss these findings in relation to the histories of African American and European American families as well as their implications for future research.


2021 ◽  
Vol 45 ◽  
pp. 769-806
Author(s):  
HwaJung Choi ◽  
Robert Schoeni ◽  
Hongwei Xu ◽  
Adriana Reyes ◽  
Deena Thomas

Author(s):  
Tania Zittoun ◽  
Jaan Valsiner ◽  
Dankert Vedeler ◽  
Joao Salgado ◽  
Miguel M. Goncalves ◽  
...  

1990 ◽  
Vol 35 (9) ◽  
pp. 843-844
Author(s):  
Johannes J. Huinink

1991 ◽  
Vol 36 (2) ◽  
pp. 147-148
Author(s):  
Marion Perlmutter

Sign in / Sign up

Export Citation Format

Share Document