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Does Wealth Explain Black-White Differences In Early Employment Careers? Author info | Abstract | Publisher info | Download info | Related research | Statistics Sílvio Rendon ()
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This paper inquires on the effect of initial wealth in racial differences in early employment careers. I set up a dynamic model in which people simultaneously search for a job and accumulate wealth, and fit it to data from the National Longitudinal Survey (1979-cohort). With the recovered behavioral parameters, I perform regime changes consisting in giving blacks (i) the initial wealth distribution, and (ii) the arrival rates and wage offer distribution of whites. These counterfactual experiments show that initial wealth has a modest influence in the black-white difference in early employment careers in comparison with labor market variables.
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Paper provided by Universidad Carlos III, Departamento de Economía in its series Economics Working Papers with number
we032303.
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Date of creation: Apr 2003Date of revision:
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Donghoon Lee, 2005.
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Ivan Grguric, 2005.
"Moving up the income ladder? What are the obstacles: a case study of indigenous people in Latin America ,"
Financial Theory and Practice ,
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