LogFAQs > #905966458

Sativa_Rose posted...

He doesn't address the arguments about current spending habits. I'll quote from Hughes' article for an example:

yes he does

So now, we can move to Conley's statistical analysis of the wealth gap and it's potential causes. Important is Coleman's explanation of spending behavior is immediately disproven in this superior, longitudinal, multi-generational data set.

he claims that the datasets Hughes uses are smaller and less accurate than the PSID (probably true) which shows no difference in consumer spending habits between blacks and whites after controlling for income (and specifically permanent income)
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