Black-White Differences in Wealth and Asset Composition
基于1976和1978年美国青年纵向调查数据，研究发现年轻黑人家庭财富仅为白人家庭的18%，且资产构成不同；即使控制收入等因素，仍有四分之三的财富差距无法解释，可能与代际转移和积累障碍有关。
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 and to a lesser extent barriers to the accumulation of business and home equity most likely play a role.