Intergenerational Economic Transfers and Wealth Inequality in the United States
by Parinay Gupta Abstract Using longitudinal data from Panel Study of Income Dynamics (PSID) from 2007-2021, this paper investigates the role of economic transfers (inheritances and gifts) in asset accumulation processes of US households, in both short-term and long-term. Analysis is done through dimensions of race, wealth quartile, and age. Examining quartiles reveals significant wealth […]
Endogeneity in the Decision to Migrate: Changes in the Self-Selection of Puerto Rican Migrants before, during, and after the Great Recession
By Aasha Reddy Migrants self-select on characteristics such as income. We use the U.S. Census’ ACS and PRCS to study changes in selection patterns of Puerto Rican migrants to the to the U.S. mainland (50 states) before, during, and after the Great Recession (2005 to 2016). We construct counterfactual income densities to compare incomes of […]
