Most studies of the persistent gap in wealth between whites and blacks have investigated the large gap in income earned by the two groups. Those studies generally concluded that the wealth gap was “too big” to be explained by differences in income. We study the issue using a different approach, capturing the dynamics of wealth accumulation over time. We find that the income gap is the primary driver behind the wealth gap and that it is large enough to explain the persistent difference in wealth accumulation. The key policy implication of our work is that policies designed to speed the closing of the racial wealth gap would do well to focus on closing the racial income gap.

In 2024, about 44.7 percent of White households in the United States had an annual median income of over 100,000 U.S. dollars. By comparison, only 26.8 percent of Black households were in this income group. Asian Americans, on the other hand, had the highest median income per household that year.

A growing body of research documents the importance of wealth and the racial wealth gap in perpetuating inequality across generations. We add to this literature by examining the impact of wealth on child income. Our two stage least squares regressions reveal that grandparental and parental wealth have an important effect on the younger generation’s stock (first stage results), which in turn affects the younger generation’s household income (second stage results). We further explore the relationship between income and wealth by decomposing the child’s income by race. We find that the intergroup disparity in income is mainly attributable to differences in family background. These findings indicate that wealth is an important source of income inequality.

Some Black households live in neighborhoods with lower incomes, as well as higher unemployment rates and lower educational attainment, than their own incomes might suggest, and this may impede their economic mobility. We investigate reasons for the neighborhood sorting patterns we observe and find that differences in financial factors such as income, wealth, or housing costs between Black and white households do not explain racial distributions across neighborhoods. Our findings suggest other factors are at work, including discrimination in the housing market, ongoing racial hostility, or preferences by Black households for the strength of social networks or other neighborhood amenities that some lower-socioeconomic locations provide.

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Context

The gender pay gap or gender wage gap is the average difference between the remuneration for men and women who are working. Women are generally considered to be paid less than men. There are two distinct numbers regarding the pay gap: non-adjusted versus adjusted pay gap. The latter typically takes into account differences in hours worked, occupations were chosen, education, and job experience. In the United States, for example, the non-adjusted average female's annual salary is 79% of the average male salary, compared to 95% for the adjusted average salary.

The reasons link to legal, social, and economic factors, and extend beyond "equal pay for equal work".

The gender pay gap can be a problem from a public policy perspective because it reduces economic output and means that women are more likely to be dependent upon welfare payments, especially in old age.

This dataset aims to replicate the data used in the famous paper "The Gender Wage Gap: Extent, Trends, and Explanations", which provides new empirical evidence on the extent of and trends in the gender wage gap, which declined considerably during the 1980–2010 period.

Citation

fedesoriano. (January 2022). Gender Pay Gap Dataset. Retrieved [Date Retrieved] from https://www.kaggle.com/fedesoriano/gender-pay-gap-dataset.

Content

There are 2 files in this dataset: a) the Panel Study of Income Dynamics (PSID) microdata over the 1980-2010 period, and b) the Current Population Survey (CPS) to provide some additional US national data on the gender pay gap.

PSID variables:

NOTES: THE VARIABLES WITH fz ADDED TO THEIR NAME REFER TO EXPERIENCE WHERE WE HAVE FILLED IN SOME ZEROS IN THE MISSING PSID YEARS WITH DATA FROM THE RESPONDENTS’ ANSWERS TO QUESTIONS ABOUT JOBS WORKED ON DURING THESE MISSING YEARS. THE fz variables WERE USED IN THE REGRESSION ANALYSES THE VARIABLES WITH A predict PREFIX REFER TO THE COMPUTATION OF ACTUAL EXPERIENCE ACCUMULATED DURING THE YEARS IN WHICH THE PSID DID NOT SURVEY THE RESPONDENTS. THERE ARE MORE PREDICTED EXPERIENCE LEVELS THAT ARE NEEDED TO IMPUTE EXPERIENCE IN THE MISSING YEARS IN SOME CASES. NOTE THAT THE VARIABLES yrsexpf, yrsexpfsz, etc., INCLUDE THESE COMPUTATIONS, SO THAT IF YOU WANT TO USE FULL TIME OR PART TIME EXPERIENCE, YOU DON’T NEED TO ADD THESE PREDICT VARIABLES IN. THEY ARE INCLUDED IN THE DATA SET TO ILLUSTRATE THE RESULTS OF THE COMPUTATION PROCESS. THE VARIABLES WITH AN orig PREFIX ARE THE ORIGINAL PSID VARIABLES. THESE HAVE BEEN PROCESSED AND IN SOME CASES RENAMED FOR CONVENIENCE. THE hd SUFFIX MEANS THAT THE VARIABLE REFERS TO THE HEAD OF THE FAMILY, AND THE wf SUFFIX MEANS THAT IT REFERS TO THE WIFE OR FEMALE COHABITOR IF THERE IS ONE. AS SHOWN IN THE ACCOMPANYING REGRESSION PROGRAM, THESE orig VARIABLES AREN’T USED DIRECTLY IN THE REGRESSIONS. THERE ARE MORE OF THE ORIGINAL PSID VARIABLES, WHICH WERE USED TO CONSTRUCT THE VARIABLES USED IN THE REGRESSIONS. HD MEANS HEAD AND WF MEANS WIFE OR FEMALE COHABITOR.

1. intnum68: 1968 INTERVIEW NUMBER
2. pernum68: PERSON NUMBER 68
3. wave: Current Wave of the PSID
4. sex: gender SEX OF INDIVIDUAL (1=male, 2=female)
5. intnum: Wave-specific Interview Number
6. farminc: Farm Income
7. region: regLab Region of Current Interview
8. famwgt: this is the PSID’s family weight, which is used in all analyses
9. relhead: ER34103L this is the relation to the head of household (10=head; 20=legally married wife; 22=cohabiting partner)
10. age: Age
11. employed: ER34116L Whether or not employed or on temp leave (everyone gets a 1 for this variable, since our wage analyses use only the currently employed)
12. sch: schLbl Highest Year of Schooling
13. annhrs: Annual Hours Worked
14. annlabinc: Annual Labor Income
15. occ: 3 Digit Occupation 2000 codes
16. ind: 3 Digit Industry 2000 codes
17. white: White, nonhispanic dummy variable
18. black: Black, nonhispanic dummy variable
19. hisp: Hispanic dummy variable
20. othrace: Other Race dummy variable
21. degree: degreeLbl Agent's Degree Status (0=no college degree; 1=bachelor’s without advanced degree; 2=advanced degree)
22. degupd: degreeLbl Agent's Degree Status (Updated with 2009 values)
23. schupd: schLbl Schooling (updated years of schooling)
24. annwks: Annual Weeks Worked
25. unjob: unJobLbl Union Coverage dummy variable
26. usualhrwk: Usual Hrs Worked Per Week
27. labincbus: Labor Income from...

Graph and download economic data for Income Gini Ratio for Households by Race of Householder, All Races (GINIALLRH) from 1967 to 2024 about gini, households, income, and USA.

What is the income gap between blacks and whites within the same metropolitan region? What variable puts individuals in greatest disadvantage: skin color or place of residence? Should mitigating policies against inequality be global or local? To answer these questions we compare the wages of blacks and whites living in the center and in the periphery of six Brazilian metropolitan regions. Results from the PNAD (2008) show that the impact of skin color on wages is larger than that of the geographic location within the city. We also show that there is substantial spatial heterogeneity in income differentials by race.

In 2024 the median annual income of Asian households in the United States was 121,700 U.S. dollars. They were followed by White households, who's median earnings were 92,530 U.S. dollars. Furthermore, Black Americans and American Indian and Alaska Native families had the lowest household incomes. That year, median income among all U.S. household rose to 83,730 U.S. dollars.

Data and code accompanying "The Racial Wealth Gap and the Role of Firm Ownership"This paper develops an overlapping generations model that isolates the impact of the U.S. racial wealth gap in 1962 on the long-run dynamics of wealth. The model predicts that one component of the initial gap, firm ownership, coupled with the intergenerational transfer of that ownership, results in a permanent wealth gap independent of other dimensions of inequality. This implies that even if all discrimination against black Americans had ceased upon the end of Jim Crow, the wealth gap would have persisted without a reparations policy addressing the fact that the initial firm ownership gap arose in the first place.

About this dataset

Context

The dataset presents the median household income across different racial categories in Oshkosh town. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Oshkosh town population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 89.13% of the total residents in Oshkosh town. Notably, the median household income for White households is $100,019. Interestingly, White is both the largest group and the one with the highest median household income, which stands at $100,019.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Oshkosh town.
• Median household income: Median household income, adjusting for inflation, presented in 2023-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Oshkosh town median household income by race. You can refer the same here

About this dataset

Context

The dataset presents the median household income across different racial categories in Austin. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Austin population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 59.90% of the total residents in Austin. Notably, the median household income for White households is $98,608. Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $119,954. This reveals that, while Whites may be the most numerous in Austin, Asian households experience greater economic prosperity in terms of median household income.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Austin.
• Median household income: Median household income, adjusting for inflation, presented in 2023-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Austin median household income by race. You can refer the same here

In 2023, the Gini index for Black households in the United States stood at ***, which was higher than the national index that year. The Census Bureau defines the Gini index as “a statistical measure of income inequality ranging from zero to one. A measure of one indicates perfect inequality, i.e., one household having all the income and the rest having none. A measure of zero indicates perfect equality, i.e., all households having an equal share of income.”

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Jacksons' Gap. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2013 and 2023, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Jacksons' Gap, the median household income for the households where the householder is White decreased by $9,427(21.71%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $43,427 in 2013 and $34,000 in 2023.
• Black or African American: In Jacksons' Gap, the median household income for the households where the householder is Black or African American decreased by $20,306(43.62%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $46,556 in 2013 and $26,250 in 2023.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Jacksons' Gap.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• 2023: 2023 median household income
• Please note: All incomes have been adjusted for inflation and are presented in 2023-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Jacksons' Gap median household income by race. You can refer the same here

Standardized coefficient estimates of the condition and race on race-based outcomes moderated by racial income gap in Study 2.

Graph and download economic data for Income Gini Ratio for Households by Race of Householder, Black Alone or in Combination (GINIBAOICH) from 2002 to 2024 about African-American, gini, households, income, and USA.

Mortality rates in the United States vary based on race, individual economic status and neighborhood. Correlations among these variables in most urban areas have limited what conclusions can be drawn from existing research. Our study employs a unique factorial design of race, sex, age and individual poverty status, measuring time to death as an objective measure of health, and including both neighborhood economic status and income inequality for a sample of middle-aged urban-dwelling adults (N = 3675). At enrollment, African American and White participants lived in 46 unique census tracts in Baltimore, Maryland, which varied in neighborhood economic status and degree of income inequality. A Cox regression model for 9-year mortality identified a three-way interaction among sex, race and individual poverty status (p = 0.03), with African American men living below poverty having the highest mortality. Neighborhood economic status, whether measured by a composite index or simply median household income, was negatively associated with overall mortality (p

In 2023, the Gini index for households of Asian origin in the United States stood at ****. The Census Bureau defines the Gini index as “a statistical measure of income inequality ranging from zero to ***. A measure of *** indicates perfect inequality, i.e., *** household having all the income and rest having none. A measure of zero indicates perfect equality, i.e., all households having an equal share of income.”

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Anoka County. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2013 and 2023, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Anoka County, the median household income for the households where the householder is White increased by $6,199(6.58%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $94,254 in 2013 and $100,453 in 2023.
• Black or African American: In Anoka County, the median household income for the households where the householder is Black or African American increased by $12,461(21.64%), between 2013 and 2023. The median household income, in 2023 inflation-adjusted dollars, was $57,584 in 2013 and $70,045 in 2023.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Anoka County.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• 2023: 2023 median household income
• Please note: All incomes have been adjusted for inflation and are presented in 2023-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Anoka County median household income by race. You can refer the same here

Ethnicity pay gap estimates for 2018 across different ethnicity breakdowns using the Annual Population Survey.