東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

FindBook

Google Book

Amazon

博客來

Life Cycle and Intergenerational Effects of Income and Wealth.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Life Cycle and Intergenerational Effects of Income and Wealth./
作者:	Fu, Xuanyu.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2021,
面頁冊數:	216 p.
附註:	Source: Dissertations Abstracts International, Volume: 82-12, Section: B.
Contained By:	Dissertations Abstracts International82-12B.
標題:	Home economics. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28542373
ISBN:	9798515272142

Life Cycle and Intergenerational Effects of Income and Wealth.
Fu, Xuanyu.

Life Cycle and Intergenerational Effects of Income and Wealth. - Ann Arbor : ProQuest Dissertations & Theses, 2021 - 216 p.

Source: Dissertations Abstracts International, Volume: 82-12, Section: B.

Thesis (Ph.D.)--University of California, Los Angeles, 2021.

This item must not be sold to any third party vendors.

This dissertation includes three essays in economic history and applied microeconomics. In the first chapter, I investigate the intergenerational effects of a negative shock in wealth for African Americans by examining the failure of the Freedman's Bank. I find that children of depositors were more likely to be literate than children of non-depositors after the bank failure. The positive literacy effect is explained by an increase in schooling and literacy for the depositors' children prior to the bank failure. I find that the bank was able to promote education for the depositors' children through its connection with a Christian educational organization, the American Missionary Association. While children from families who lost a higher proportion of wealth were less likely to attend school after the bank failure, the human capital gains which occurred prior to the bank failure outweigh and outlast the adverse effect of wealth loss. In the second chapter, I test whether the failure of the Freedman's Bank contributed to the mistrust and underutilization of financial institutions by African Americans today using present day survey data. I find that African Americans are less likely to be banked if they reside in a county with higher exposure to knowledge of the bank failure. In addition, for unbanked households, those who reside in a county with higher exposure to knowledge of the bank failure are more likely to report "mistrust" in bank as the primary reason to be unbanked. The results suggest that the collapse of the Freedman's Bank can partly explain persistent gaps in the utilization of financial services by African Americans. Finally, in the third chapter, I explore whether low-income individuals with a guaranteed income had a higher likelihood of occupation turnover using from a randomized experiment that occurred in the 1970s, the Manitoba Basic Annual Income Experiment. I find that guaranteed income treatment increased the probability of an occupation switch, where most of the individuals who switched were above the age of 35. From survey results, I find that occupation turnovers resulted in non-pecuniary gains for all occupation switchers. Overall, these results suggest that when relieved of financial pressure, a subset of low-income individuals were more likely to switch occupations. Those in the treatment group accrued more non-pecuniary gain simply because they switched occupations more often.

ISBN: 9798515272142Subjects--Topical Terms:

551902
Home economics.
Subjects--Index Terms:

Life cycle

Life Cycle and Intergenerational Effects of Income and Wealth.
LDR:03655nmm a2200409 4500 001 2347472
005 20220801062210.5
008 241004s2021 ||||||||||||||||| ||eng d
020 $a 9798515272142
035 $a (MiAaPQ)AAI28542373
035 $a AAI28542373
040 $a MiAaPQ $c MiAaPQ
100 1 $a Fu, Xuanyu. $3 3686729
245 1 0 $a Life Cycle and Intergenerational Effects of Income and Wealth.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2021
300 $a 216 p.
500 $a Source: Dissertations Abstracts International, Volume: 82-12, Section: B.
500 $a Advisor: Costa, Dora;Pinto, Rodrigo.
502 $a Thesis (Ph.D.)--University of California, Los Angeles, 2021.
506 $a This item must not be sold to any third party vendors.
520 $a This dissertation includes three essays in economic history and applied microeconomics. In the first chapter, I investigate the intergenerational effects of a negative shock in wealth for African Americans by examining the failure of the Freedman's Bank. I find that children of depositors were more likely to be literate than children of non-depositors after the bank failure. The positive literacy effect is explained by an increase in schooling and literacy for the depositors' children prior to the bank failure. I find that the bank was able to promote education for the depositors' children through its connection with a Christian educational organization, the American Missionary Association. While children from families who lost a higher proportion of wealth were less likely to attend school after the bank failure, the human capital gains which occurred prior to the bank failure outweigh and outlast the adverse effect of wealth loss. In the second chapter, I test whether the failure of the Freedman's Bank contributed to the mistrust and underutilization of financial institutions by African Americans today using present day survey data. I find that African Americans are less likely to be banked if they reside in a county with higher exposure to knowledge of the bank failure. In addition, for unbanked households, those who reside in a county with higher exposure to knowledge of the bank failure are more likely to report "mistrust" in bank as the primary reason to be unbanked. The results suggest that the collapse of the Freedman's Bank can partly explain persistent gaps in the utilization of financial services by African Americans. Finally, in the third chapter, I explore whether low-income individuals with a guaranteed income had a higher likelihood of occupation turnover using from a randomized experiment that occurred in the 1970s, the Manitoba Basic Annual Income Experiment. I find that guaranteed income treatment increased the probability of an occupation switch, where most of the individuals who switched were above the age of 35. From survey results, I find that occupation turnovers resulted in non-pecuniary gains for all occupation switchers. Overall, these results suggest that when relieved of financial pressure, a subset of low-income individuals were more likely to switch occupations. Those in the treatment group accrued more non-pecuniary gain simply because they switched occupations more often.
590 $a School code: 0031.
650 4 $a Home economics. $3 551902
650 4 $a Individual & family studies. $3 2122770
650 4 $a African American studies. $3 2122686
650 4 $a Ethnic studies. $2 bicssc $3 1556779
653 $a Life cycle
653 $a Intergenerational effects
653 $a Income
653 $a Wealth
690 $a 0501
690 $a 0770
690 $a 0386
690 $a 0296
690 $a 0631
690 $a 0628
690 $a 0509
710 2 $a University of California, Los Angeles. $b Economics 0246. $3 2093761
773 0 $t Dissertations Abstracts International $g 82-12B.
790 $a 0031
791 $a Ph.D.
792 $a 2021
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=28542373