The Black and white differential in income and consumption dynamics

Giacomo Giorgi (), Luca Gambetti and Costanza Naguib ()
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Giacomo Giorgi: GSEM-University of Geneva
Luca Gambetti: Universitat Autònoma de Barcelona, BSE
Costanza Naguib: University of Bern

The Journal of Economic Inequality, 2024, vol. 22, issue 4, No 6, 997 pages

Abstract: Abstract With 20 years of PSID data, we document persistent racial differentials in consumption dynamics. Starting from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income, and wealth are three key drivers of these different dynamics. Blacks tend to save less, and hence have less buffer than the Whites to prevent them from falling in the lower part of the consumption distribution.

Keywords: Consumption; Income; Savings; Inequality; Persistence (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s10888-023-09618-1

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