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Ethnic diversity in economic well-being: the added significance of wealth and asset levels

Lookup NU author(s): Dr Tracey Warren

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Abstract

Abstract This paper uses data gathered from the Family Resources Survey to examine ethnic differences in economic wellbeing in Britain. It argues that, although a focus on ethnic variation in income levels is useful, a more comprehensive picture of ethnic economic diversity can be obtained by also taking into account general levels of wealth and assets. This is particularly important in order to obtain a better understanding of how ethnic economic advantages and disadvantages build up over the life-course. It also encourages more attention to be paid to how wealth is accumulated and transferred within families and between generations. The research findings show a complex picture of ethnic economic diversity with some ethnic groups (White, Chinese and Indian) over-represented in the doubly advantaged, asset-rich and income-rich category and a larger number of groups (Black-African, Black-Other, Pakistani and Bangladeshi) who were doubly disadvantaged (being both asset- and income-poor). The paper concludes that the short-term economic position of families in both groups has longer-term consequences in terms of the potential for ethnic economic divisions to intensify.


Publication metadata

Author(s): Warren T, Britton NJ

Publication type: Article

Publication status: Published

Journal: Journal of Ethnic and Migration Studies

Year: 2003

Volume: 29

Issue: 1

Pages: 103-119

ISSN (print): 1369-183X

ISSN (electronic): 1469-9451

Publisher: Routledge

URL: http://dx.doi.org/10.1080/1369183032000076740

DOI: 10.1080/1369183032000076740


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