Full Citation

Title: Income Rich and Asset Poor: A Multilevel Analysis of Racial and Ethnic Differences in Housing Values among Baby Boomers

Citation Type: Journal Article

Publication Year: 2003

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: Race & ethnicity, as well as cohort status, are strong predictors of asset ownership including home ownership & housing values. Yet, seldom have the two concepts been linked. Additionally, potentially important determinants such as business income have often times been excluded from the analyses despite findings suggesting that business income may be an important indicator for racial & ethnic minorities who would otherwise be relegated to employment in low status jobs in the secondary labor market. Using the most recent data from the Integrated Public Use Microdata Sample, this study examines (1) how Asian, black, Hispanic, & white baby boomers compare in terms of housing values; & (2) what role business income & interest, dividends, & rental income have on housing values for Asian, black, Hispanic, & white baby boomers. Significant racial & ethnic differences in housing values exist, & business income & interest, dividends & rental income are all significant indicators of housing values for all groups.

User Submitted?: No

Authors: Sykes, Lori Latrice

Periodical (Full): Population Research and Policy Review

Issue: 1

Volume: 22

Pages: 1-20

Data Collections: IPUMS USA

Topics: Poverty and Welfare, Race and Ethnicity

Countries: