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Home Ownership And The Wealth Position Of Black And White Americans

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  • Howard Birnbaum
  • Rafael Weston

Abstract

This paper examines the wealth position of blacks relative to whites, on the basis of data in the Survey of Economic Opportunity. The analysis indicates that at the same levels of both income and wealth blacks consistently invest more in consumer durables, especially housing, than do whites. The paper then explores possible explanations for this finding, suggesting that these investment differences are not solely due to the income and wealth position of blacks, but may be due to a smaller set of investment opportunities institutionally fostered by discriminatory forces.

Suggested Citation

  • Howard Birnbaum & Rafael Weston, 1974. "Home Ownership And The Wealth Position Of Black And White Americans," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 20(1), pages 103-118, March.
    • Handle: RePEc:bla:revinw:v:20:y:1974:i:1:p:103-118
    DOI: 10.1111/j.1475-4991.1974.tb00911.x
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    Cited by:

    1. Francine D. Blau & John W. Graham, 1990. "Black-White Differences in Wealth and Asset Composition," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 105(2), pages 321-339.
    2. Fesselmeyer, Eric & Le, Kien T. & Seah, Kiat Ying, 2013. "Changes in the white–black house value distribution gap from 1997 to 2005," Regional Science and Urban Economics, Elsevier, vol. 43(1), pages 132-141.

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