Bloustein School assistant professor Jermaine Toney has been selected for an Early Career Award (Pipeline Grants Competition) from the Russell Sage Foundation and the Bill and Melinda Gates Foundation. The competition seeks to promote diversity in the social sciences broadly, including racial, ethnic, gender, disciplinary, institutional, and geographic diversity.
The award will support his work on “The Effects of Extended Family Wealth on Income Mobility.” The project seeks to establish a link between extended family wealth and the income of their adult children, capitalizing on a two- and three-generation sample of longitudinal data to construct measures on the life course of children. Measures will include the income, wealth, and neighborhood conditions when the children are living with their parents; and income at life events as the children form their own households. Such measures, along with panel regressions and decompositions, may suggest that extended family wealth plays a sizable role in income mobility.
Dr. Toney joined the Bloustein School in the fall of 2019. Prior to joining the Bloustein School faculty, he was a National Science Foundation Postdoctoral Research Fellow in the Dyson School of Applied Economics and Management at Cornell University and a research fellow with the Institute for Behavioral and Household Finance at Cornell University.