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Title: Wealth, Race, and Place: How Neighborhood Disadvantage From Adolescence to Middle Adulthood Affects Wealth Inequality and the Racial Wealth Gap at Age 50
Resulting in 1 citation.
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Levy, Brian L. |
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Wealth, Race, and Place: How Neighborhood Disadvantage From Adolescence to Middle Adulthood Affects Wealth Inequality and the Racial Wealth Gap at Age 50 Presented: Chicago IL, Population Association of America Annual Meeting, April 2017 Cohort(s): NLSY79 Publisher: Population Association of America Keyword(s): Geocoded Data; Modeling, Structural Equation; Neighborhood Effects; Racial Equality/Inequality; Wealth Permission to reprint the abstract has not been received from the publisher. How does living in a disadvantaged neighborhood affect wealth accumulation, and what role do neighborhoods have in the racial wealth gap? Previous research finds that neighborhoods are related to educational attainment, employment, and income, but no research analyzes whether or how neighborhoods affect wealth. This study fills that gap. Using a sample of 7,300 individuals from the restricted-use National Longitudinal Survey of Youth-1979 Cohort and a counterfactual estimation strategy designed to yield causal conclusions, I analyze the effect of prolonged exposure to disadvantaged neighborhoods from adolescence through middle adulthood. Neighborhoods have a dramatic effect on wealth, and racial disparities in neighborhood disadvantage explain the majority of the racial wealth gap. A structural equation model confirms that personal home values mediate neighborhood effects on wealth. Early and middle adulthood are the sensitive periods for neighborhood effects. These findings highlight neighborhoods as a key driver of wealth inequality in the United States. [A similar paper was presented at Montreal, QC, American Sociological Association Annual Meeting, August 2017] |
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Bibliography Citation
Levy, Brian L. "Wealth, Race, and Place: How Neighborhood Disadvantage From Adolescence to Middle Adulthood Affects Wealth Inequality and the Racial Wealth Gap at Age 50." Presented: Chicago IL, Population Association of America Annual Meeting, April 2017. |