ERIC Number: EJ985779
Record Type: Journal
Publication Date: 2012-Dec
Abstractor: As Provided
Reference Count: N/A
Depleting Capital? Race, Wealth and Informal Financial Assistance
O'Brien, Rourke L.
Social Forces, v91 n2 p375-396 Dec 2012
Recent work suggests that part of the racial gap in wealth is explained by racial differences in network poverty. In this article, data from the 2007 Survey of Consumer Finances and the 2005 and 2007 Panel Study of Income Dynamics (PSID) are used to demonstrate that middle- and upper-income blacks are more likely to provide informal financial assistance than their white counterparts. Further, a lagged model using the PSID finds that this difference in financial assistance can account for part of the racial gap in wealth. An empirically useful definition of negative social capital is developed to illustrate how obligations of group membership can have stratifying consequences for individuals.
Descriptors: Racial Differences, Poverty, Income, African Americans, Financial Support, Social Capital, Group Membership, Whites
Oxford University Press. Great Clarendon Street, Oxford, OX2 6DP, UK. Tel: +44-1865-353907; Fax: +44-1865-353485; e-mail: email@example.com; Web site: http://www.oxfordjournals.org/our_journals/sf
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Authoring Institution: N/A