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ERIC Number: EJ1019370
Record Type: Journal
Publication Date: 2013-Nov
Pages: 23
Abstractor: As Provided
ISSN: ISSN-0739-9863
Factors Affecting Wealth Accumulation in Hispanic Households: A Comparative Analysis of Stock and Home Asset Utilization
Fontes, Angela; Kelly, Nicole
Hispanic Journal of Behavioral Sciences, v35 n4 p565-587 Nov 2013
This research addresses differences between Hispanic ("N" = 2,333) and White ("N" = 15,521) households in the ownership and allocation of two representative measures of wealth accumulation, stock and homeownership. Using data from the 2008 panel of the Survey of Income and Program Participation, this research estimates a two-stage interaction model to examine differences in both asset ownership and asset allocation decisions. This article established two important findings: (1) results indicate that the negative effects of Hispanic ethnic identity on asset ownership were the result of disadvantaged positions of Hispanic households in the distribution of financial, immigration-related, and demographic characteristics, and (2) once ownership was controlled for, there is no difference in the holdings of stock allocation or home equity between Hispanic and White households.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A