Wealth

财富
  • 文章类型: Journal Article
    美国出生人口和外国出生人口之间存在相当大的财富分层(坎贝尔和考夫曼,2006年),墨西哥移民的财富成就很低(Hao2007)。墨西哥的高回归移民率(Azose和Raftery2019)表明,非随机选择回归财富移民是分层的潜在驱动因素。现有的理论并不能最终预测海归与滞留者之间的资产积累,关于回归迁移和财富分层的实证研究很少。结合2000年美国健康与退休研究和2001年墨西哥健康与老龄化研究的数据,创建一个新的数据集,代表所有50岁及以上的墨西哥人,他们有移民到美国的历史,并采用生命历程的观点,我发现,年轻人和老年人的回归移民与更高的财富积累有关,可能是老年人资产最大化的一种方式。因此,回归移民可能有助于美国基于出生的财富分层。这项研究的发现指出,新移民群体老龄化的财务风险更大,建议谨慎将财富分层解释为流动性的衡量标准,并提供有关返回移民与整个人生历程中财富之间联系的理论。
    Considerable wealth stratification exists between U.S.-born and foreign-born populations (Campbell and Kaufman 2006), with low wealth attainment documented among Mexican immigrants (Hao 2007). High rates of Mexican return migration (Azose and Raftery 2019) suggest that nonrandom selection into return migration on wealth is a potential driver of stratification. Existing theories do not conclusively predict asset accumulation among returnees versus stayers, and empirical research on return migration and wealth stratification is scarce. Combining data from the 2000 U.S. Health and Retirement Study and the 2001 Mexican Health and Aging Study to create a novel data set representing all Mexicans aged 50 and older with a history of migration to the United States and adopting a life course perspective, I find that return migration at younger and older ages is associated with higher wealth accumulation and might be a way to maximize assets at older ages. Thus, return migration may contribute to nativity-based wealth stratification in the United States. The study\'s findings point to the greater financial risks for new cohorts of immigrants aging in place, suggest caution in interpreting wealth stratification as a measure of mobility, and inform theories about the links between return migration and wealth across the life course.
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    文章类型: Journal Article
    金融资产所有权对于许多学术和实践原因很重要,包括理解储蓄倾向,冒险,个人理财策略,不平等,资金的跨国流动,和组织营销策略。然而,我们对拥有各种金融工具的方法的群体差异知之甚少。中国和印度移民到美国的人数很多,成长,anddiversegroupswhoarerapidlybeginningtocomprisealargeportionoftheUSpopulationandwhoseuniquefinancialassetownershippatternsoffersinsightintothefactorsthatcontributecross-groupdifferencesinthisimportantbehavior.本文研究了这两个重要群体的成员如何拥有特定的资产。使用美国人口普查局的收入和项目参与调查(SIPP)的数据,中国和印度移民,的确,当与本土白人相比时,表现出独特的资产所有权模式,非洲裔美国人,和其他移民。他们对股票和共同基金的所有权,生息银行账户,退休账户和终身人寿保险。我的发现表明年龄,在美国的任期,教育,家庭特征是出生国与金融资产所有权关系的重要思考。
    Financial asset ownership is important for a large number of scholarly and practical reasons including for understanding saving propensities, risk taking, personal financial strategies, inequality, the flow of funds across national borders, and organizational marketing strategies. Yet we know little about group differences in approaches to owning various financial instruments. Chinese and Indian immigrants to the United States are large, growing, and diverse groups who are rapidly beginning to comprise a large portion of the U.S. population and whose unique financial asset ownership patterns offer insight into the factors that contribute to cross-group differences in this important behavior. The article studies how members of these two important groups own particular assets. Use data from the U.S. Census Bureau\'s Survey of Income and Program Participation (SIPP) and find that, Chinese and Indian immigrants do, indeed, exhibit unique asset ownership patterns when they are compared to native whites, African Americans, and other immigrants. Their ownership of stocks and mutual funds, interest-earning bank accounts, retirement accounts and whole life insurance. My findings demonstrate that age, tenure in the United States, education, and family traits are important meditating in the relationship between country of birth and financial asset ownership.
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  • 文章类型: Journal Article
    在这篇文章中,我们描述了居住隔离和个人种族差异如何产生次级贷款的种族化模式,并导致隔离城市中黑人借款人的财务损失。我们将种族概念化为累积劣势,因为它对个人和社区层面的社会经济地位有直接和间接的影响,其后果影响着借款人的一生和几代人之间。利用巴尔的摩,马里兰州作为案例研究背景,我们将根据《住房抵押贷款披露法案》提交的报告中的数据与抵押贷款支持证券中的其他贷款级别数据相结合。我们发现,种族和邻里种族隔离是解释在贷款和丧失抵押品赎回权过程中连续阶段黑人劣势的关键因素,控制借款人信用评分的差异,收入,占用状态,和贷款价值比率。我们从可支配收入减少和财富损失的角度分析了向黑人借款人提供掠夺性贷款的累积成本。我们发现费用很大。黑人借款人每月支付约5%至11%的额外付款,而样本中完成止赎的借款人损失了超过200万美元的房屋净值。这些成本在大多数黑人社区中被放大,反过来又大量集中在有色人种社区。通过阐明将黑人隔离与歧视联系起来的机制,我们证明了累积不利地位的过程如何继续破坏当今美国的黑人社会经济地位。
    In this article, we describe how residential segregation and individual racial disparities generate racialized patterns of subprime lending and lead to financial loss among black borrowers in segregated cities. We conceptualize race as a cumulative disadvantage because of its direct and indirect effects on socioeconomic status at the individual and neighborhood levels, with consequences that reverberate across a borrower\'s life and between generations. Using Baltimore, Maryland as a case study setting, we combine data from reports filed under the Home Mortgage Disclosure Act with additional loan-level data from mortgage-backed securities. We find that race and neighborhood racial segregation are critical factors explaining black disadvantage across successive stages in the process of lending and foreclosure, controlling for differences in borrower credit scores, income, occupancy status, and loan-to-value ratios. We analyze the cumulative cost of predatory lending to black borrowers in terms of reduced disposable income and lost wealth. We find the cost to be substantial. Black borrowers paid an estimated additional 5 to 11 percent in monthly payments and those that completed foreclosure in the sample lost an excess of $2 million in home equity. These costs were magnified in mostly black neighborhoods and in turn heavily concentrated in communities of color. By elucidating the mechanisms that link black segregation to discrimination we demonstrate how processes of cumulative disadvantage continue to undermine black socioeconomic status in the United States today.
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  • 文章类型: Journal Article
    In this paper I use measures of childhood growth to assess from both an evolutionary theoretical and an applied public health perspective the impact of polygyny on maternal-child welfare among the Datoga pastoralists of Tanzania. I report that the growth and body composition of children varies in such a way as to suggest that polygyny is not generally beneficial to women in terms of offspring quality. Cross-sectional analysis of covariance by maternal marriage status revealed that children of first and second wives in polygynous marriages grow relatively poorly, that this is correlated with maternal physical status, and that the pattern is not modified by household wealth. I discuss how the dynamics of sexual conflicts operating during the formation and maintenance of marriages may be important factors in the etiology of poor child growth in this population, leading to complex patterns of variation in anthropometric indicators of both women and children. The theoretical conclusion is that improved evolutionary models of polygyny should be designed to examine the potential for adaptive tradeoffs between the currencies of offspring quality and quantity for all types of parents in a polygynous population. The practical conclusion is that a better understanding of the relationships between marriage practices and health outcomes would assist in the development of culturally appropriate health and nutrition interventions.
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    文章类型: Journal Article
    BACKGROUND: Myocardial Infarction (MI) is a main cause of death and disability worldwide, which involves a number of genetic, physiopathologic and socio-economic determinants. The aim of this study was to assess the patterns of association between education, wealth and some other risk factors with non-fatal MI in Tehran population.
    METHODS: Data derived from a second round of large cross-sectional study, Urban HEART-2, conducted in Tehran in 2011. Out of 118542 participants, all 249 self-reported incident cases of nonfatal MI were selected as the case group. A number of 996, matched on age and sex, were selected as controls. Principle component analysis (PCA) was used to calculate wealth index and logistic regression model to assess relations between the study variables.
    RESULTS: Mean (SD) age of participants was 60.25 (12.26) years. A total of 870 (69.9%) of the study subjects were men. Education, wealth status, family violence, hypertension and diabetes were observed as independent predictors of non-fatal MI. Overall, as the level of education increased, the odds of non-fatal MI decreased (p<0.001). We observed an almost J-shaped association between wealth status and non-fatal MI. No significant associations were found between marital status, BMI and current smoking with non-fatal MI (p<0.05).
    CONCLUSIONS: We found different patterns of association between education and wealth with nonfatal MI among Tehran adults. Lower risk of non-fatal MI is linked to high educated groups whereas economically moderate group has the lowest risk of non-fatal MI occurrence.
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