Tag: housing market

Senior couple smiling outside their home

The historic discrimination that has limited the ability of older Black Americans to accumulate wealth has been present in every aspect of the housing market. They have paid a steep price. By the time they reached their mid-50s, they had $90,000 in home equity – or about $57,000 less than White homeowners – according to…

Hand holding magnifying glass and looking at house model, house

Abstract This paper uses the Health and Retirement Study to explore how local cost-of-living affects Social Security replacement rates and household behavior.  In theory, labor markets with high cost-of-living also offer more compensation.  If this compensating differential is paid in wages, rather than benefits, it reduces the share of earnings replaced by Social Security due to t…