期刊名称：RSF: The Russell Sage Foundation Journal of the Social Sciences
印刷版ISSN：2377-8253
电子版ISSN：2377-8261
出版年度：2016
卷号：2
期号：6
页码：153-172
DOI：10.7758/rsf.2016.2.6.08
出版社：Russell Sage Foundation
摘要：This paper analyzes the extent to which health shocks play a role in black-white wealth inequality. Deploying data from the Panel Study of Income Dynamics, we implement a first-differences identification strategy in estimating the effects of acute health events on changes in wealth for couples across waves of data from 1999 to 2011. We find that although such shocks affect both white and black families, they make black families more vulnerable financially as family heads near retirement. In comparison with their white counterparts, black families that experience an acute health shock are more likely to rely on social safety nets, such as food stamps and Social Security Disability Insurance. Findings hold implications across multiple policy arenas, including health-care and labor law.
