| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w8466 |
| 来源ID | Working Paper 8466 |
| Accounting for the Black-White Wealth Gap: A Nonparametric Approach | |
| Robert Barsky; John Bound; Kerwin Charles; Joseph Lupton | |
| 发表日期 | 2001-09-01 |
| 出版年 | 2001 |
| 语种 | 英语 |
| 摘要 | This paper notes a potential problem in the method of Blinder and Oaxaca the most popular method in the literature for decomposing the mean difference between groups of a given variable into the portion attributable to differences in the distribution of some explanatory variables and differences in the conditional expectation functions. In its conventional application, the Blinder-Oaxaca method requires that a parametric assumption be made about the form of the conditional expectations function. We show that misspecification is likely to result in non-trivial errors in inference regarding the portion attributable to differences in the distribution of explanatory variables. A nonparametric alternative to the Blinder-Oaxaca method is proposed. Rather than specify an arbitrary functional form for the conditional expectations function, the method re-weights the empirical distribution of the outcome variable using weights that equalize the empirical distributions of the explanatory variable. Applying this method to the large black-white gap in net worth, we document a substantial difference in the estimated role of earnings differences between the two methods. Our estimates suggest that differences in earnings account for roughly two-thirds of the overall wealth gap. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Demography and Aging |
| URL | https://www.nber.org/papers/w8466 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/566070 |
| 推荐引用方式 GB/T 7714 | Robert Barsky,John Bound,Kerwin Charles,et al. Accounting for the Black-White Wealth Gap: A Nonparametric Approach. 2001. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w8466.pdf（200KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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