Accounting for the Black–White Wealth Gap
解释黑人与白人的财富差距
Many applications involve a decomposition of the mean intergroup difference in a given variable into the portion attributable to differences in the distribution of one or more explanatory variables and that due to differences in the conditional expectation function. This article notes two interrelated reasons why the Blinder–Oaxaca (B–O) method—the approach most commonly used in the literature—may yield misleading results. We suggest a natural solution that both provides a…