Data and Code for: Intergenerational Economic Mobility and the Racial Wealth Gap

Principal Investigator(s):  View help for Principal Investigator(s) Jermaine Toney, Rutgers University; Cassandra Robertson, New America

Version:  View help for Version V3

Name File Type Size Last Modified
AEAPP Code Replication.do text/plain 20.9 KB 06/04/2021 07:58:AM
AEAPP_ReadMe.pdf application/pdf 200.8 KB 06/04/2021 07:58:AM
aeapp_mobility_column2_table1.dta application/x-stata-dta 4.6 MB 06/04/2021 07:58:AM
aeapp_mobility_column3_table1.dta application/x-stata-dta 5 MB 06/04/2021 07:58:AM
aeapp_mobility_table1_and_summarystatistics.dta application/x-stata-dta 11.7 MB 06/04/2021 07:58:AM

Project Citation: 

Toney, Jermaine, and Robertson, Cassandra . Data and Code for: Intergenerational Economic Mobility and the Racial Wealth Gap. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-06-04. https://doi.org/10.3886/E130341V3

Project Description

Summary:  View help for Summary A growing body of research documents the importance of wealth and the racial wealth gap in perpetuating inequality across generations. We add to this literature by examining the impact of wealth on child income. Our two stage least squares regressions reveal that grandparental and parental wealth have an important effect on the younger generation’s stock (first stage results), which in turn affects the younger generation’s household income (second stage results). We further explore the relationship between income and wealth by decomposing the child’s income by race. We find that the intergroup disparity in income is mainly attributable to differences in family background. These findings indicate that wealth is an important source of income inequality.
Funding Sources:  View help for Funding Sources Russell Sage Foundation (1911-18835)

Scope of Project

JEL Classification:  View help for JEL Classification
      D31 Personal Income, Wealth, and Their Distributions
      D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
      J15 Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
      J62 Job, Occupational, and Intergenerational Mobility; Promotion


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Published Versions

V3 [2021-06-04]

V2 [2021-04-08]

V1 [2021-01-06]

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