【本期主题】Understanding the Unequal Post-Great Recession Wealth Recovery for American Families

The wealth of the U.S. families has not returned to its pre-recession level by 2013, six years after the onset of the Great Recession. This article provides a comprehensive analysis of this slow and uneven episode of wealth recovery, using family level data from the Survey of Consumer Finances 1989-2013. Both descriptive results and regressions controlling for life cycle wealth accumulation show that families of color and less-educated families are particularly falling behind in wealth recovery, as their wealth portfolios are concentrated in housing, but housing market has only recovered very slowly. The decomposition results suggest that homeownership explains about 28 percent of the racial/ethnic wealth gap and 22 percent of the wealth gap between college graduates and high school dropouts. Understanding the uneven wealth recovery has important implications for redesigning asset related policies and narrowing wealth gaps.

【报告人】  张思思         暨南大学经济与社会研究院

【时   间】12月08日      上午10:00

【地   点】明德商学楼1008室

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报告人简介：

张思思，美国波士顿学院经济学博士，现任暨南大学经济与社会研究院副院长。曾任上海财经大学高等研究院房地产与城市研究中心主任、美国IMPAQ International研究员、美国城市研究院劳动与人口研究中心研究员、美国房利美研究员。主要研究领域为：劳动经济学，城市与房地产经济学，家庭金融。在American Economic Review,Journal of Population Economics, Demography, Review of Industrial Organization, American Journal of Agricultural Economics, Economics Bulletin等国际期刊上发表学术论文。

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