Data and Code for: Analytic Approaches to Measuring the Black-White Wealth Gap

Principal Investigator(s): View help for Principal Investigator(s) Jermaine Toney, Rutgers, The State University of New Jersey; Fenaba R. Addo, University of North Carolina-Chapel Hill; Darrick Hamilton, The New School

Version: View help for Version V2

Name	File Type	Size	Last Modified
20102019SCF.dta	application/x-stata-dta	1.4 GB	04/23/2024 12:02:PM
AEAPP Readme File.pdf	application/pdf	220.6 KB	01/16/2025 11:15:AM
AEAPP TABLE 1.do	text/plain	21.7 KB	04/23/2024 12:02:PM
AEAPP TABLE 2.do	text/plain	21.7 KB	04/23/2024 12:02:PM
AEAPP TABLE 3.do	text/plain	21.3 KB	04/23/2024 01:48:PM

Project Citation:

Toney, Jermaine , Addo, Fenaba R. , and Hamilton, Darrick . Data and Code for: Analytic Approaches to Measuring the Black-White Wealth Gap. Nashville, TN: American Economic Association [publisher], 2025. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-01-19. https://doi.org/10.3886/E201263V2

Project Description

Summary: Does the measurement of the racial wealth gap shift depending on the model, method, and data set used? We contrast the traditional mean Oaxaca-Blinder decomposition with the distributional Recentered Influence Function (RIF) methods. The untransformed, logarithm-transformed, and inverse hyperbolic sine-transformed versions in both Survey of Consumer Finances and Panel Study of Income Dynamics data sets exhibit similarities. The Oaxaca-Blinder (mean) decomposition highlights that receiving an inheritance explains a larger portion of the racial wealth gap than educational attainment. Conversely, the RIF method at the median suggests that educational attainment accounts for more of the wealth gap than inheritance receipt.

Scope of Project

Subject Terms: race; wealth; inequality; measurement; oaxaca-blinder; RIF decomposition

JEL Classification:
      C13 Estimation: General
      C18 Methodological Issues: General
      I14 Health and Inequality
      I30 Welfare, Well-Being, and Poverty: General
      J30 Wages, Compensation, and Labor Costs: General

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Published Versions

V2 [2025-01-19]

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