Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35034 
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dc.contributor.authorBelton, Willieen
dc.contributor.authorOyelere, Ruth Uwaifoen
dc.date.accessioned2008-07-30-
dc.date.accessioned2010-07-07T11:32:48Z-
dc.date.available2010-07-07T11:32:48Z-
dc.date.issued2008-
dc.identifier.piurn:nbn:de:101:1-20080619213en
dc.identifier.urihttp://hdl.handle.net/10419/35034-
dc.description.abstractIt has been well documented in the literature that ethnicity matters significantly in the determination of savings. In particular, African-American savings lag far behind savings for other ethnic groups. Similarly, the literature also provides evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an explanation for the savings gap that still exists between African-Americans and White Americans even after accounting for appropriate factors that can lead to savings differentials. We initially provide evidence that the savings gap exists and persist after including several control variables in a regression analysis. We then provide evidence that the persistent gap can not be attributed solely to racial discrimination but can be explained by the response of culture to institutional scaffolding erected many years earlier. Using a novel within race decomposition we provide evidence that past institutions transmitted through culture can help to explain this persistent saving disparity.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3545en
dc.subject.jelD14en
dc.subject.ddc300en
dc.subject.keywordSavings gapen
dc.subject.keywordinstitutionsen
dc.subject.keywordraceen
dc.subject.keywordcultureen
dc.subject.stwSparenen
dc.subject.stwEthnische Gruppeen
dc.subject.stwWirtschaftsethnologieen
dc.subject.stwSchwarzeen
dc.subject.stwEthnische Diskriminierungen
dc.subject.stwInstitutionalismusen
dc.subject.stwUSAen
dc.titleThe racial saving gap enigma: unraveling the role of institutions-
dc.type|aWorking Paperen
dc.identifier.ppn571194400en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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