澳国立经济研究所亚洲视角系列讲座
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时间：2024年6月7日北京时间上午10点到11点
zoom: Meeting ID: 849 2583 1866 Password: 876491 或者点击原文链接
讲座人： 张思思，美国联邦储备银行-费城
题目：Understanding the Racial
Wealth Disparity Over the Past 30 Years
讲座语言：英文（配字幕）
摘要：
过去 30 年来，美国白人家庭与非裔和西班牙裔家庭之间的财富差距并没有缩小，反而在 Covid-19 疫情期间进一步扩大。利用 1992 年至 2022 年的消费者金融调查数据(the Survey of Consumer Finances)，我们量化了美国持续存在的种族财富差距的原因。基于Oaxaca-Blinder分解以及Re-centered Influence Function 分解，我们发现房屋所有权和拥有房屋的年限在种族财富差距中发挥着重要作用，尤其是在财富分布的均值和底部。与白人相比，少数族裔即使经过 15 年的财富积累，也没有完全从2009年的大衰退期间的重大财富损失中恢复过来。尽管少数族裔在疫情期间的房屋拥有率有所上升，但他们的房屋净值仍不到白人房主的的一半。The wealth gap between the white families and black and Hispanic families in the United States has not improved over the past three decades and continued to grow during the Covid-19 pandemic. Using the Survey of Consumer Finances data between 1992 and 2022, we quantify what contributes to the persistent racial wealth disparity in U.S. Oaxaca-Blinder decomposition and Re-centered Influence Function decomposition suggest that homeownership and number of years owning home play important roles in racial wealth disparity, particularly at the mean and the bottom of the distribution. Compared with whites, minorities have not fully recovered from their significant wealth loss during the Great Recession, even after 15 years of wealth accumulation. Although homeownership increased for minorities during the pandemic, their home equity is still less than half of the those of white homeowners.
