Data and Code for: Race, Police Violence, and Financial Decision-Making

Principal Investigator(s): View help for Principal Investigator(s) Vicki Bogan, Duke University; Lisa Kramer, University of Toronto; Chi Liao, University of Manitoba; Alexandra Niessen-Ruenzi, University of Mannheim (Germany)

Version: View help for Version V1

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Data and Code for: Race, Police Violence, and Financial Decision-Making		0

Project Citation:

Bogan, Vicki, Kramer, Lisa, Liao, Chi, and Niessen-Ruenzi, Alexandra. Data and Code for: Race, Police Violence, and Financial Decision-Making. Nashville, TN: American Economic Association [publisher], 2024. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-06-18. https://doi.org/10.3886/E198105V1

Project Description

Summary: We find an economically and statistically significant effect of race-based police violence on home ownership and retirement savings. Using restricted-use Panel Study of Income Dynamics data, we show that Black individuals exposed to the fatality of a Black person caused by or involving police subsequently experience decreased home ownership, home equity, and defined contribution pension participation relative to non-Black households in the same zip code. Our findings suggest that race-based violence affects not only those immediately involved, but also entire racial communities in the vicinity. These decreases in illiquid assets imply negative long-term consequences for Black households’ wealth accumulation.

Scope of Project

Subject Terms: Race; home ownership; pension; police violence

JEL Classification:
      D14 Household Saving; Personal Finance
      D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
      G51 Household Finance: Household Saving, Borrowing, Debt, and Wealth

Geographic Coverage: United States

Methodology

Data Source: - PSID restricted-use data
- Fatal Encounters data
- CPI data

Unit(s) of Observation: individual

Geographic Unit: zipcode

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Published Versions

V1 [2024-06-18]

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