ECIN Replication Package for "What Role for 'Generational Wealth' in Explaining Racial Wealth Disparities"
Principal Investigator(s): View help for Principal Investigator(s) Jeffrey Thompson, Federal Reserve Bank of Boston; John Sabelhaus, Brookings Institute
Version: View help for Version V3
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| 1.2-Raw-Data | 07/28/2025 01:56:PM | ||
| 1.3-Processed-Data | 06/28/2025 07:29:AM | ||
| 1.4-DO-files | 06/25/2025 04:24:PM | ||
| 1.5-Results | 05/30/2025 10:26:AM | ||
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application/pdf | 530.4 KB | 07/29/2025 10:13:AM |
Project Citation:
Thompson, Jeffrey, and Sabelhaus, John. ECIN Replication Package for “What Role for ‘Generational Wealth’ in Explaining Racial Wealth Disparities.” Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-07-29. https://doi.org/10.3886/E226964V3
Project Description
Summary:
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The study explores the role of "intergenerational wealth" - or inheritances and inter vivos transfers - in explaining racial disparities in wealth for the United States using data from the Federal Reserve Board's triennial Survey of Consumer Finances (SCF), supplemented by additional data including estimates for Defined Benefit pension values, lifetime earnings, and "reconciled inheritance" values that are designed to be used with the SCF. The core SCF data and the supplemental files are for the 1989 to 2019 cross-sections of the survey.
Scope of Project
Subject Terms:
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wealth;
inequality;
racial disparities;
inheritance
JEL Classification:
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D14 Household Saving; Personal Finance
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
J32 Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
D14 Household Saving; Personal Finance
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
J32 Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
Manuscript Number:
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ECIN-Jan-2025-0035
Geographic Coverage:
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United States
Time Period(s):
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1989 – 2019
Universe:
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United States non-institutionalized "primary economic units," a distinct concept used in the SCF that is based on a survey of households, but in practice more similar to "family" than "household."
Data Type(s):
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survey data
Collection Notes:
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The original FRB SCF data are supplemented by several additional data (DB pension values, lifetime earnings, and "reconciled inheritances") sources which are themselves originally developed using the SCF.
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