Data and Code for: The Racial Wealth Gap and the Role of Firm Ownership
Principal Investigator(s): View help for Principal Investigator(s) Abraham Lipton, Federal Reserve Board
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Wealth-Gap-P-and-P-Data | 02/01/2022 04:21:PM | ||
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application/pdf | 112 KB | 02/01/2022 11:20:AM |
Project Citation:
Lipton, Abraham. Data and Code for: The Racial Wealth Gap and the Role of Firm Ownership. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-04-08. https://doi.org/10.3886/E158821V1
Project Description
Summary:
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Data and code accompanying "The Racial Wealth Gap and the Role of Firm Ownership"
This paper develops an overlapping generations model that isolates the impact of the U.S. racial wealth gap in 1962 on the long-run dynamics of wealth. The model predicts that one component of the initial gap, firm ownership, coupled with the intergenerational transfer of that ownership, results in a permanent wealth gap independent of other dimensions of inequality. This implies that even if all discrimination against black Americans had ceased upon the end of Jim Crow, the wealth gap would have persisted without a reparations policy addressing the fact that the initial firm ownership gap arose in the first place.
This paper develops an overlapping generations model that isolates the impact of the U.S. racial wealth gap in 1962 on the long-run dynamics of wealth. The model predicts that one component of the initial gap, firm ownership, coupled with the intergenerational transfer of that ownership, results in a permanent wealth gap independent of other dimensions of inequality. This implies that even if all discrimination against black Americans had ceased upon the end of Jim Crow, the wealth gap would have persisted without a reparations policy addressing the fact that the initial firm ownership gap arose in the first place.
Scope of Project
Subject Terms:
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personal wealth;
race
JEL Classification:
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D31 Personal Income, Wealth, and Their Distributions
G51 Household Finance: Household Saving, Borrowing, Debt, and Wealth
J15 Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
D31 Personal Income, Wealth, and Their Distributions
G51 Household Finance: Household Saving, Borrowing, Debt, and Wealth
J15 Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
Geographic Coverage:
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United States
Time Period(s):
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1962 – 2019
Universe:
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Survey of Consumer Finances
Representative sample of U.S. households
Representative sample of U.S. households
Data Type(s):
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survey data
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