Lifetime Inheritances of Three Generations of Whites and Blacks  

Oleh:

Avery, Robert B. ; Rendall, Michael S.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: AJS: American Journal of Sociology vol. 107 no. 05 (Mar. 2002), page 1300-1346.
Topik: gap; lifetime inheritances
Fulltext: A13 vol. 107 no. 05 (Mar. 2002) p1300.PDF (174.69KB)

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Perpustakaan PKPM Nomor Panggil: A13 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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This article estimates lifetime inheritances by combining survey selfreports of inheritances received with forecasts of prospective inheritances. These estimates encompass whites and blacks of the baby boom generation and the two preceding generations. The whiteblack gap in lifetime inheritances is found to increase both absolute and relative racial wealth inequality. The gap is estimated to be much larger for the baby boom generation than for previous generations. Combined with the stalling of blacks' progress in earnings relative to whites' since the 1980s, the baby boom generation may thus have begun a reversal of progress toward racial economic equality, with inheritances playing a key role in this reversal.

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