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Using the Race Model Inequality to Quantify Behavioral Multisensory Integration Effects
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Intergenerational Wealth Mobility and Racial Inequality.

Fabian T Pfeffer1, Alexandra Killewald2

  • 1University of Michigan, Ann Arbor, MI, USA.

Socius : Sociological Research for a Dynamic World
|July 18, 2019
PubMed
Summary
This summary is machine-generated.

The racial wealth gap persists across generations due to lower parental wealth and greater downward mobility for Black families. This highlights persistent racial inequality in wealth transmission.

Keywords:
racesocial mobilitywealth

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Area of Science:

  • Sociology
  • Economics
  • Demography

Background:

  • The Black-White gap in household wealth is substantial and widely recognized.
  • Understanding the intergenerational persistence of this wealth gap is crucial for addressing socioeconomic disparities.

Purpose of the Study:

  • To visualize and analyze the persistence of the racial wealth gap across generations.
  • To identify the mechanisms driving intergenerational wealth transmission disparities between Black and White families.

Main Methods:

  • Utilized animation to depict the flow of individuals' wealth positions between parents and adult children.
  • Analyzed intergenerational movements across parental and offspring wealth quintiles.

Main Results:

  • Black families face disadvantages stemming from both prior-generation wealth inequality and race-based differences in wealth transmission.
  • Black children, on average, have less wealthy parents and are more prone to downward wealth mobility.
  • Intergenerational wealth fluctuations occur within a persistently racialized wealth structure.

Conclusions:

  • The study visualizes how racial wealth inequality is perpetuated across generations.
  • Both inherited wealth and the process of wealth transmission contribute to the Black-White wealth gap.
  • Significant racial disparities in intergenerational wealth mobility maintain a racialized economic structure.