Inheriting inequality: Wealth transfers and racial wealth gaps

Grant description:

Over the past three decades, both wealth inequality and the racial wealth gap have increased significantly. Research shows that inheritances, bequests, and intrafamily transfers account for more of the racial wealth gap than any other demographic and socioeconomic indicators, including education, income, and household structure. This project will examine the significance of intergenerational transfers on wealth inequality overall, and the racial wealth gap specifically, to identify policies that address growing inequality throughout the wealth distribution.