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metadata language: English

Data and Code for: Wealth Stratification and Portfolio Choice

Version
V0
Resource Type
Dataset : survey data
Creator
  • Boulware, Karl (Wesleyan University)
  • Kuttner, Kenneth (Wiliams College)
Publication Date
2020-09-10
Free Keywords
Wealth inequality; Portfolio choice; Stratification measurement
Description
  • Abstract

    This paper investigates the past decade’s increase in wealth inequality along racial and ethnic lines. Using a new measure of wealth stratification based on data from the Survey of Consumer Finances, we find that stratification increased significantly for Blacks from 2007 to 2016; Hispanics exhibited a similar but less pronounced trend. Our regression analysis shows that relative to Whites, Blacks and Hispanics tend to invest more in houses and less in stocks, controlling for observable demographic factors. Consequently, these groups did not benefit as much as Whites from the decade’s spectacular increase in stock prices.
Temporal Coverage
  • 2007-01-01 / 2016-01-01
    Time Period: Mon Jan 01 00:00:00 EST 2007--Fri Jan 01 00:00:00 EST 2016 (2007 and 2016)
Geographic Coverage
  • United States
Availability
Download
This study is freely available to the general public via web download.
Relations
  • Has version
    DOI: 10.3886/E120793V1
Publications
  • Boulware, Karl David, and Kenneth N. Kuttner. “Wealth Stratification and Portfolio Choice.” AEA Papers and Proceedings 110 (May 2020): 411–15. https://doi.org/10.1257/pandp.20201111.
    • ID: 10.1257/pandp.20201111 (DOI)

Update Metadata: 2020-09-10 | Issue Number: 1 | Registration Date: 2020-09-10

Boulware, Karl; Kuttner, Kenneth (2020): Data and Code for: Wealth Stratification and Portfolio Choice. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E120793