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At the Intersection of Race, Occupational Status, and Middle-Class Attainment in Young Adulthood†

At the Intersection of Race, Occupational Status, and Middle-Class Attainment in Young Adulthood† AbstractUsing data from the National Longitudinal Study of Youth 1997 cohort, the study explores the intersection of labor force attachment and economic inequality. Using a wealth-based definition of middle-class status, changes in wealth inequality among the working and managerial class are examined. Results indicate that Black and Latinx young adults are disproportionately working class and that racialized identity is a stronger predictor of wealth attainment than occupational classifications among Black young adults. Wealth differentials by race are not static; they are growing over time, with downward mobility and lower growth experienced by both Black working and managerial class young adults. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png AEA Papers and Proceedings American Economic Association

At the Intersection of Race, Occupational Status, and Middle-Class Attainment in Young Adulthood†

AEA Papers and Proceedings , Volume 112 – May 1, 2022

At the Intersection of Race, Occupational Status, and Middle-Class Attainment in Young Adulthood†

AEA Papers and Proceedings , Volume 112 – May 1, 2022

Abstract

AbstractUsing data from the National Longitudinal Study of Youth 1997 cohort, the study explores the intersection of labor force attachment and economic inequality. Using a wealth-based definition of middle-class status, changes in wealth inequality among the working and managerial class are examined. Results indicate that Black and Latinx young adults are disproportionately working class and that racialized identity is a stronger predictor of wealth attainment than occupational classifications among Black young adults. Wealth differentials by race are not static; they are growing over time, with downward mobility and lower growth experienced by both Black working and managerial class young adults.

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References (2)

  • Addo Fenaba R (2021)

    173

    ANNALS of the American Academy of Political and Social Science, 695

  • Barsky Robert (2002)

    663

    Journal of the American Statistical Association, 97

Publisher
American Economic Association
Copyright
Copyright © 2022 © American Economic Association
ISSN
2574-0768
eISSN
2574-0776
DOI
10.1257/pandp.20221017
Publisher site
See Article on Publisher Site

Abstract

AbstractUsing data from the National Longitudinal Study of Youth 1997 cohort, the study explores the intersection of labor force attachment and economic inequality. Using a wealth-based definition of middle-class status, changes in wealth inequality among the working and managerial class are examined. Results indicate that Black and Latinx young adults are disproportionately working class and that racialized identity is a stronger predictor of wealth attainment than occupational classifications among Black young adults. Wealth differentials by race are not static; they are growing over time, with downward mobility and lower growth experienced by both Black working and managerial class young adults.

Journal

AEA Papers and ProceedingsAmerican Economic Association

Published: May 1, 2022

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