A home of her own: an analysis of asset ownership for non-married black and white women

Race and gender are strong predictors of asset ownership including home ownership, self-employment and interest, dividends and rental income. Yet, seldom have the two concepts been linked in the sociological literature on wealth and wealth inequality. Additionally, potentially important determinants such as business income have often times been excluded from the analyses despite findings suggesting that business income may be an important indicator for racial and minority groups who would otherwise be relegated to employment in low status jobs in the secondary labor market. Using data from the Census 2000 Supplementary Survey (C2SS), this study examines the following research questions: (1) Are their racial differences in the relative odds of home ownership for non-married black and white females? (2) What roles do business income and interest, dividends and rental income have on predicting the likelihood of home ownership for non-married black and white females? (3) Are the determinants of home ownership different for non-married black and white females? Significant racial differences in the likelihood of home ownership exists with regards to education and labor force participation, and business income and interest, dividends and rental income are significant indicators of home ownership for both non-married black and white females.