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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15182 |
DP15182 LIFE-CYCLE INEQUALITY: BLACKS AND WHITES DIFFERENTIALS IN LIFE EXPECTANCY, SAVINGS, INCOME, AND CONSUMPTION | |
Giacomo DE GIORGI; Luca Gambetti; Costanza Naguib | |
发表日期 | 2020-08-19 |
出版年 | 2020 |
语种 | 英语 |
摘要 | Life expectancy for Blacks is about 8 year shorter than for Whites. A shorter life expectancy, in line with the theoretical prediction of a simple model, determines a much lower amount of savings and wealth accumulation and therefore a lower degree of insurance. This, in turn, contributes to persistent racial differentials in life-cycle consumption. Starting from the same position in the consumption distribution Blacks end up in a lower percentile than Whites after a few decades. This is particularly marked for those Blacks who start at the top of the consumption distribution, where Whites are much more persistent. We document these facts using 40 years of PSID data (1981-2017). |
主题 | Labour Economics |
关键词 | Inequality Consumption Income Health Persistence |
URL | https://cepr.org/publications/dp15182 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544152 |
推荐引用方式 GB/T 7714 | Giacomo DE GIORGI,Luca Gambetti,Costanza Naguib. DP15182 LIFE-CYCLE INEQUALITY: BLACKS AND WHITES DIFFERENTIALS IN LIFE EXPECTANCY, SAVINGS, INCOME, AND CONSUMPTION. 2020. |
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