The Demographics of Wealth 2018, Essay No. 1: The Financial Returns from College across Generations: Large but Unequal

William Emmons, Ana Hernández Kent and Lowell Ricketts

Community Development Publications and Reports, 2018, 26 pages

Abstract: This essay explores the connections between a person's level of completed education and measures of his or her family's financial well-being, including income and wealth. For simplicity, we examine two discrete groups—families headed by someone who has completed a four-year college degree or higher ("college grads") and those without a college graduate head ("nongrads"). This essay shows that inherited demographic characteristics significantly influence the expected income and wealth outcomes associated with one's own education. These characteristics include birth year (and hence age at the time of the survey), race or ethnicity and parents' education level.

Keywords: demographics; income; wealth (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://fraser.stlouisfed.org/title/demographics-w ... raphicswealth_201801 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:l00101:103227

Access Statistics for this article

More articles in Community Development Publications and Reports from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by Scott St. Louis ().