Student loan debt continues to be an issue in the U.S., with potential long-term effects on loan repayment and potential wealth accumulation. In particular, minorities face barriers in the educational system and accruing wealth. Hispanics occupy a middling position in the U.S. racial hierarchy. Using the National Longitudinal Survey of Youth 1997 geocode data, in this study I examined how Hispanic-White differences in student debt change over time and how student debt influences wealth. In addition, I accounted for immigration status via parents' nativity status to investigate debt burdens and subsequent wealth for these respondents. I used hierarchical linear growth models to examine debt growth over time and linear decomposition to examine Hispanic-White differences in wealth accumulation and the impact of student debt on these differences. While findings were largely statistically insignificant, I found that Hispanics tended to start with less debt than their White counterparts and that student debt initially grew for both groups. However, White respondents pay off their debt more quickly than Hispanics. In addition, I found that the wealth gap between White and Hispanic respondents grew significantly between the ages of 20 and 35. While Hispanics tended to start with less debt, my findings suggest that student debt still plays a role in Hispanics' financial well-being, including Hispanic wealth development and the perpetuation of the Hispanic-White wealth gap.

This paper studies the gap in wealth between male and female single households using 2010 Household Finance and Consumption Survey data for eight European countries. In the raw data, a large gap emerges at the upper end of the unconditional distribution. While OLS estimates show no difference in average net wealth levels, quantile regressions at the 95th percentile yield mixed evidence for the gender wealth gap in different specifications. Labour market characteristics and participation in asset and debt categories largely explain the differences between male and female single households. We show that the gender gap in net wealth is driven by gender gaps in gross wealth and its components, but is attenuated in four countries by gender gaps in (collateralized) debt. In the full specification, the unexplained gap in gross wealth amounts to 27% in Slovakia, 33% in France, 44% in Austria, 45% in Germany, and 48% in Greece. A robustness check using person-level pension wealth confirms the presence of a gender gap for the full population. / Series: Department of Economics Working Paper Series

This paper studies the gap in wealth between male and female single households using 2010 Household Finance and Consumption Survey data for eight European countries. In the raw data, a large gap emerges at the upper end of the unconditional distribution. While OLS estimates show no difference in average net wealth levels, quantile regressions at the 95th percentile yield mixed evidence for the gender wealth gap in different specifications. Labour market characteristics and participation in asset and debt categories largely explain the differences between male and female single households. The gender gap in net wealth is driven by gaps in gross wealth and its components, but is attenuated in four countries by gender gaps in (collateralized) debt. In the full specification, the unexplained gap in gross wealth amounts to 27 percent in Slovakia, 33 percent in France, 44 percent in Austria, 45 percent in Germany, and 48 percent in Greece.

This paper studies the gender wealth gap using 2010 Household Finance and Consumption Survey data for 15 European countries, and finds that households with only one male adult have more net wealth than households with one female adult, and that households with an adult couple have the highest net wealth. Using OLS regressions to predict net wealth and the inverse hyperbolic sine transformation of net wealth, as well as the nonparametric DiNardo-Fortin-Lemieux re-weighting technique, to study the relationship between household and personal characteristics with net wealth, the paper finds that differences in labor market characteristics between male and female households, most notably lifetime labor force participation and wages, explain much of the gender wealth gap.(authors' abstract) / Series: Department of Economics Working Paper Series

This project addresses how residential segregation have stymied home ownership and wealth in the black community; inhibiting true housing equity. This thesis project will attempt to use design as a means to help address past and continuing discrimination. Accessibility, affordability and accountability are central to this goal, which will be addressed in the project. The site chosen for this project is the St. Luke’s Building located in Richmond, VA. This building was home to the Independent Order of St. Luke, a fraternal and cooperative insurance society for blacks. It also housed the St. Luke Penny Savings Bank which was founded in 1903 by Maggie Walker. Walker was the first woman to charter a bank in the United States.

Informed by the literature regarding the gap in wealth between white and non-white households in the United States, as well as the literature on segregation and neighborhood preference, this research explores the home value component of the wealth gap in Hillsborough County, Florida. It finds that homes in Predominantly Black or Hispanic neighborhoods are not only undervalued compared to Predominantly White and heterogeneous neighborhoods, but have appreciated more slowly at least since 2000. The research also finds that buyers identifying as black or Hispanic are more likely than those identifying as white or "other" to purchase homes in Predominantly Black or Hispanic neighborhoods. Controlling for income, loan amount and loan product, buyers identifying as Black or Hispanic select neighborhoods with lower median home values and lower rates of appreciation than do those identifying as white. Given that these homebuyers spend as much both initially and in payments over time as do those who identify as white, while their purchases are worth less and appreciate less, this research contributes to the literature by positing that the racial wealth gap will increase as blacks and Hispanics receive lower returns on their comparatively greater home investments than do whites.

Im vorliegenden Artikel werden die zentralen Ergebnisse der Studie zur Vermögensverteilung zwischen Frauen und Männern auf Personenebene in Österreich vorgestellt. Es wurden bereits zahlreiche Studien zu den Themen der Einkommensverteilung und dem geschlechtsspezifischen Lohnunterschied publiziert, die Analyse von Vermögensunterschieden zwischen Geschlechtern stand bisher allerdings nicht im Zentrum der Betrachtung. Dabei ist gerade Vermögen ein wesentlich umfassenderes Maß für den Wohlstand eines Haushalts bzw. Individuums. Die Untersuchung der geschlechtsspezifischen Vermögenslücke erfolgt im Rahmen der Studie zum ersten Mal für Österreich anhand von Individualdaten aus dem "Household Finance and Consumption Survey" (HFCS) 2014. Die Analyseergebnisse zeigen, dass das Nettovermögen innerhalb von Paarhaushalten ungleich verteilt ist und eine geschlechtsspezifische Vermögensdifferenz zulasten der Frauen existiert. In österreichischen Paarhaushalten kann im Durchschnitt ein Gender Wealth Gap in Höhe von 58.417 A ermittelt werden. Frauen in Paarhaushalten besitzen demnach um 28% weniger Vermögen als Männer. Dieser Artikel analysiert des Weiteren Unterschiede hinsichtlich Nettovermögen von Frauen und Männern in Paar- und Single-Haushalten anhand von Haushaltsstruktur und Entscheidungsmacht.

The median wealth of Blacks is lower than that of Whites by 90 percent. The corresponding median income for Blacks is 40 percent below Whites. Additional research has revealed that Blacks tend to invest in low-yielding assets and borrow at high interest rates. The alarming problem is that financial outcomes and behaviors can be associated with race. In this cross-sectional quantitative study, the Rosenberg Self-Esteem and the Money Attitude Scale, both are Likert-type scales, served as survey instruments to collect data from Blacks and Whites about their individual financial behaviors. The purpose of this survey was to explore the relationship between self-esteem and monetary power among Blacks and Whites in the Unites States. The Behavioral life-cycle hypothesis served as the theoretical framework for the study. The research question for this study was as follows: There is a relationship between self-esteem and monetary power among Blacks and Whites in the United States. Using the IBM SPSS analytics software, the findings of the linear multiple regression analyses indicated that there was a significant predictive relationship between self-esteem and retention time, self-esteem and distrust, and self-esteem and anxiety. There were no correlation findings related to race, there were however, correlations related to gender. Regional investigative studies to gather data about behavioral factors that drive decision making are still necessary. The social change implication as it relates to asset accumulation is that financial services professionals will begin to shift attention away from financial accounting outcome matters toward behavioral lifestyle outcome matters

No description available.

Angesichts von Rentenkürzungen hat Vermögen als Alternative zu gesetzlichen Renten zur Alterssicherung an Bedeutung zugenommen. Vermögen ist jedoch ungleicher zwischen Frauen und Männern verteilt als Einkommen, wobei Frauen ein durchschnittlich niedrigeres Vermögen haben. Diese Ungleichheit existiert auch innerhalb von Paarbeziehungen. Diese Dissertation untersucht, wie Erwerbs- und Ehebiografien mit dem persönlichen Vermögen von verheirateten Frauen und Männern ab 50 Jahren zusammenhängen. Basierend auf der Lebensverlaufsperspektive entwickelt Kapitel 1 ein Modell zum Vermögensaufbau innerhalb von Paaren. Kapitel 2 untersucht Geschlechterunterschiede im individuellen Vermögensaufbau durch Erwerbstätigkeit in Ost- und Westdeutschland. Die Studie zeigt geschlechtsspezifische Wege des Vermögensaufbaus auf, welche sich besonders im traditionellen Wohlfahrtsstaatskontext von Westdeutschland zeigen. Kapitel 3 untersucht, wie Erwerbs- und Ehebiografien von Frauen mit der Verteilung von individuellem und gemeinsamem Vermögen innerhalb von älteren Ehepaaren in Westdeutschland zusammenhängen. Die Ergebnisse zeigen, dass früh verheiratete Paare starke wirtschaftliche Einheiten bilden. Jedoch kann die Ehe Frauen mit geringer Arbeitsmarktbeteiligung nicht vor ökonomischer Abhängigkeit von ihrem Partner im Alter schützen. Kapitel 4 analysiert den Zusammenhang zwischen den Erwerbsbiografien beider Partner und der Vermögensungleichheit innerhalb von älteren Ehepaaren in Großbritannien und Westdeutschland. Die Studie zeigt, dass eine ähnliche Arbeitsteilung zu unterschiedlicher Vermögensungleichheit innerhalb der Paare in beiden Ländern führt, was insbesondere durch die Rolle des Immobilienmarktes erklärt wird. Diese Dissertation verdeutlicht, dass das Zusammenwirken von Geschlecht, Partnerschaft und institutionellem Kontext während des Lebensverlaufs wichtig ist, um die Determinanten von persönlichem Vermögen und der resultierenden Vermögensungleichheit im Alter zu verstehen. / In light of pension reductions, the importance to accumulate wealth as an alternative to pensions for old-age provision has increased. However, wealth is more unequally distributed between genders than income, with women having lower average wealth levels than men. This is also the case in married couples. This dissertation examines how gendered life course experiences of employment and marriage are associated with the personal wealth of married women and men aged 50 and older. Building on the life course framework, Chapter 1 develops a model of personal wealth accumulation within couples. Chapter 2 examines gender differences in individual wealth accumulation through employment in Eastern and Western Germany. The results reveal gendered ways of wealth accumulation, indicating that similar career paths result in different personal wealth outcomes for women and men in the gender-unequal welfare state context of Western Germany. Chapter 3 examines how the interplay of women’s employment and marriage biographies is associated with the ownership structure of sole and joint assets within married couples in later life in Western Germany. The results indicate that early and stably married couples build strong economic units that hold most wealth jointly. However, marriage does not protect women with a low labour market attachment from economic dependency on the partner in old age. Chapter 4 examines the association between married partners’ employment biographies and the within-couple gender wealth gap in later life in Britain and Western Germany. The results indicate that a similar division of labour throughout the life course can result in different levels of within-couple gender wealth inequality in later life across country contexts, particularly depending on the housing system. Overall, this dissertation concludes that the interplay of gender, partnership, and institutional context is important to understand the outcomes of personal wealth accumulation processes.