TY  - JOUR
AU  - Blau,Francine D.
AU  - Graham,John W.
TI  - Black-White Differences in Wealth and Asset Composition
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2898
PY  - 1990
Y2  - July 1990
UR  - http://www.nber.org/papers/w2898
L1  - http://www.nber.org/papers/w2898.pdf
N1  - Author contact info:
Francine D. Blau
ILR School
Cornell University
268 Ives Hall
Ithaca, New York 14853-3901
Tel: 607/255-4381
Fax: 607/255-4496
E-Mail: fdb4@cornell.edu

John Graham
Duke University
Fuqua School of Business
100 Fuqua Drive
Durham, NC 27708-0120
Tel: 919/660-7857
Fax: 919/660-8038
E-Mail: john.graham@duke.edu
M2  - featured in NBER digest on 1989-09-01
AB  - Using data from the 1976 and 1978 National Longitudinal. Surveys of young men and young women, this study examines racial differences in the magnitude and composition of wealth and the reasons for them. On average, young black families hold 18 percent of the wealth of young white families, and hold their wealth in proportionately different forms. Even after controlling for racial differences in income and other demographic factors, as much as three-quarters of the wealth gap remains unexplained. We speculate on the causes for this, concluding that racial differences in intergenerational transfers most likely play an important role.
ER  -