. Author manuscript; available in PMC: 2020 Apr 21.

Published in final edited form as: J Consum Aff. 2018 Apr 14;53(2):324–354. doi: 10.1111/joca.12188

TABLE 8.

Determinants of the Minority Gap in Bank Account Ownership by Race/Ethnicity and Language at the Census Tract Group (Race/Ethnicity of the FR)

	Hispanics in census tract, percentage (H)
	H<median	H≥median	χ² test

Panel B
Black	−0.1225^***	−0.1223^***	0.01
	(0.0070)	(0.0074)	[0.90]
Hispanic	−0.0306	−0.0857^***	1.99
	(0.0245)	(0.0096)	[0.15]

	Spanish language census tract, percentage (S)
	S<median	S≥median	χ² test

Panel B
Black	−0.1249^***	−0.1201^***	0.03
	(0.0071)	(0.0071)	[0.86]
Hispanic	−0.0095	−0.0870^***	5.07
	(0.0234)	(0.0097)	[0.02]

Notes: No. of obs.=74,945, No. of ind.=18,582. Coefficients for black and Hispanic indicators are reported (Whites are the reference group). They are estimated using the specification in column (7) of Table 4 and separately for the different groups indicated in the table. Standard errors are in parentheses. We report a χ² test (with p-value in brackets) for the equality of coefficients between groups.

Significance p<.1.

^**

Significance p<.05.

^***

Significance p<.01.