@mastersthesis {6298, title = {Racial and Ethnic Inequality in Housing Wealth: A Multi-Level Approach}, year = {2000}, month = {2000}, school = {The University of Chicago}, abstract = {That blacks and Hispanics continue to trail whites in wealth, despite significant advances in socioeconomic attainment and decades of anti -discrimination legislation, represents a serious challenge to equal opportunity and a large source of inequality in well-being. Housing wealth is arguably the most important form of assets, comprising the largest share of wealth for most families and providing an important source of wealth generation via appreciation. Understanding why minorities average lower homeownership and housing equity than whites with comparable levels of human capital and financial resources is thus a critical issue for stratification research. My dissertation departs from previous analyses of housing inequality in several ways. First I take a multi-level approach, combining household data from the Health and Retirement Study with neighborhood and metropolitan data from the US Census. Second, I examine housing inequality in a multi-ethnic framework, considering Hispanics in addition to blacks and whites. And finally, I concentrate on the pre-retirement population, which has direct implications for quality of life among the elderly and for wealth transmission across generations. Results demonstrate the negative impact of an important by-product of discrimination, residential segregation, on minority housing. I show that tastes and preferences do not contribute to inequality in housing assets, strongly suggesting the importance of discrimination in undermining minority housing. Subsequently, I show that segregation negatively affects minority housing consumption, depressing both homeownership and housing quality. And finally, I document the negative effect of segregation on the investment aspect of housing. I show that homes in neighborhoods with large or growing minority populations experience lower appreciation than comparable homes in stable and white neighborhoods. Moreover, minority concentration continues to undermine appreciation even after socioeconomic differences across neighborhoods are accounted for. Thus discrimination creates a vicious circle in which minorities are confined to segregated communities with high rates of poverty and poor housing conditions. This engenders supply restrictions detrimental to homeownership and undermines housing appreciation. The resulting inequality in housing wealth detracts from minority well-being and hinders other forms of wealth accumulation. That Hispanic housing is also adversely affected by segregation raises serious concerns for the prospects of Hispanic assimilation.}, keywords = {Demographics, Housing, Income, Net Worth and Assets, Women and Minorities}, url = {Available from UMI, Ann Arbor, MI. Order No. DA9951782.}, author = {Chenoa Flippen} } @article {5384, title = {Racial and Ethnic Differences in Wealth Among the Elderly}, year = {1999}, institution = {University of Chicago Population Research Center}, keywords = {Demographics, Net Worth and Assets}, author = {Chenoa Flippen and Tienda, Marta} } @article {5373, title = {Family Structure and Economic Well-Being of Black, Hispanic, and White Pre-Retirement Adults}, number = {326}, year = {1998}, institution = {Princeton University}, address = {Princeton}, abstract = {This paper examines how family structure is related to racial and ethnic inequality among older populations. We show that intergenerational living serves the economic needs of minority and unmarried female elders more than non-minority and married elders. The greater economic motivation for co-residence among minority and female elders was suggested both by their higher reliance on the income of co-resident kin and by their subjective evaluations of who benefited most from co-residence. However, when the contributions of co-resident kin are weighed against the additional costs they bring to the household, the inequality-reducing effect of extension falls considerably. The contributions per co-resident kin are smaller in minority households, and thus the economic well-being of elders living in extended households is often no better, and occasionally worse, than had they lived alone. Only unmarried women receive a substantial net boost from co-residence, primarily because adult offspring who co-reside with unmarried women contribute more than their counterparts in unmarried male or couple households.}, keywords = {Adult children, Net Worth and Assets, Women and Minorities}, url = {https://ideas.repec.org/p/pri/opopre/opr9802.pdf.html}, author = {Chenoa Flippen and Tienda, Marta} }