Abstract
Latino population growth will affect the socioeconomic future of the United States. Projections indicate that Hispanics will account for 71 % of 2010–2050 population growth in Texas and for 61 % of the Nation’s 2010–2060 growth. Due to historic, discriminatory, and other factors, Hispanics in Texas and the United States have household incomes that are only 60–75 % of, and poverty rates that are two to three times higher than those for non-Hispanic Whites. Analyses for Texas indicate that, without educational and related socioeconomic closure, the growth of Latino and other minority populations in Texas will decrease average annual household incomes by $ 7800 and increase poverty by 3.1 % from 2010 to 2050. However, if socioeconomic closure were to occur, mean annual household income in Texas would increase by $ 66,000 and poverty decrease by 6 % by 2050. Improving conditions for Latinos will create more prosperous and competitive conditions for states and the Nation.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Abdullah, A. J., Doucouliagos, H., & Manning, E. (2011). Education and income inequality: A meta-regression analysis. Paper presented at MAER-NET Colloquium, Wolfson College, University of Cambridge, UK, 16–18 Sept 2011.
Angel, R., & Angel, J. (2009). Hispanic families at risk: The new economy, work, and the welfare state. New York: Springer.
Ashenfelter, O., & Rouse, C. (1999). Schooling, intelligence and income in America: Cracks in the Bell Curve (Working Paper 6902, Jan). Cambridge: National Bureau of Economic Research.
Bean, F., & Tienda, M. (1987). The Hispanic population of the United States. New York: Russell Sage.
Becker, G. S. (1967). Human capital and the personal distribution of income. Ann Arbor: University of Michigan Press.
Bergad, L. W., & Klein, H. (2010). Hispanics in the United States: A demographic, social and economic history, 1980–2005. London: Cambridge University Press.
Bloom, D. E., Canning, D., Fink, G., & Finlay, J. (2009). Fertility, female labor force participation and the demographic divide. Journal of Economic Growth, 12, 79–101.
Bowman, M., & Anderson, C. (1963). Concerning the role of education in development. In C. Geetz (Ed.), Old societies and new states. Glencoe: Free Press.
Card, D. (1999). The casual effect of education on earnings. In O. Ashenfelter & D. Card (Eds.), Handbook of labor economics (Vol. 3, pp. 1801–1834). Amsterdam: Elsevier Science.
Cheeseman-Day, J., & Newburger, C. (2002). The big payoff: Educational attainment and synthetic estimates of work-life earnings. Current Population Reports (July). U.S. Department of Commerce Economics and Statistics Administration. Washington, DC: U.S. Census Bureau.
Cohen, D., & Soto, M. (2007). Growth and human capital: Good data, good results. Journal of Economic Growth, 12, 51–76.
Cohn, E., & Addison, J. (1998). The economic returns to lifelong learning. Education Economics, 6(3), 253–308.
Cuaresma, J., Lutz, W., & Sanderson, W. (2014). Is the demographic divide an education divide. Demography, 51, 299–315.
Davern, M. E., & Fisher, P. J. (2001). Household net worth and asset ownership: 1995. Current Population Reports (Feb). U.S. Department of Commerce, Economics and Statistics Administration. Washington, DC: U.S. Census Bureau.
Denison, E. (1962). The sources of economic growth in the United States and alternatives before us (Supplementary Paper No. 13). New York: Committee on Economic Development.
Hanoch, G. (1967). An economic analysis of earning and schooling. Journal of Human Resources, 2(Summer), 310–329.
Julian, T., & Kominski, R. (2011). Education and synthetic work-life earnings estimates (American Community Survey Reports ACS-14). Washington, DC: U.S. Census Bureau. Accessed April 2012.
Leal, D., & Trejo, S. (2010). Latinos and the economy. New York: Springer.
Lutz, W. (2013). Demographic metabolism: A predictive theory of socioeconomic change. Population and Development Review, 38(Suppl.), 283–301.
McKinsey and Company. (2009). The economic impact of the achievement gap in America’s schools, summary of findings. New York: Social Sector Office.
Mincer, J. (1974). Schooling, experience and earnings. New York: Columbia University Press.
Murdock, S. (1995). An America challenged: Population change and the future of the United States. Boulder: Westview Press
Murdock, S. (2014). Population Change in Texas: Implications for Education and the Socioeconomic Future of Texas. Available at http://www.thecb.state.tx.us/download.cfm?downloadfile=95499447-F8E1-C85A-D3E9B300CFA20F3E&typename=dmFile&fieldname=filename.
Murdock, S., Hoque, N., Michael, M., White, S., & Pecotte, B. (1997). The Texas challenge: Population change and the future of Texas. College Station: Texas A & M University Press.
Murdock, S., Hoque, N., White, S., Pecotte, B., You, X., & Balkan, J. (2003). The new Texas challenge: Population change and the future of Texas. College Station: Texas A & M University Press.
Murdock, S., Cline, M., & Zey, M. (2012). The children of the Southwest: Demographic and socioeconomic characteristics impacting the future of the Southwest and the United States. Big ideas: Children in the Southwest (pp. 11–29). Washington, DC: First Focus.
Murdock, S., Cline, M., & Zey, M. (2013) The history of Texas population. In S. Haynes (Ed.), Major problems in Texas history (2nd ed.). Arlington: University of Texas-Arlington Press.
Murdock, S., Cline, M., Zey, M., Jeanty, P., & Deborah, P. (2014). Changing Texas: Implications of addressing or ignoring the Texas challenge. College Station: Texas A & M University Press.
Ramos, J. (2005). The Latino wave: How Hispanics are transforming politics in America. New York: Harper Collins Publishers.
Romer, P. (1990). Human capital and growth: Theory and evidence. Carnegie-Rochester Series on Public Policy, 32, 251–286.
Schultz, T. (1963). The economic values of education. New York: Columbia University Press.
Schultz, T. (1968). Resources for higher education: An economist’s view. Journal of Political Economy, 76, 327–347.
Tolley, G., & Olson, E. (1971). The interdependence between income and education. Journal of Political Economy, 79, 460–480.
U.S. Bureau of Labor Statistics (2011). Current population survey. Washington, DC: U.S. Bureau of Labor Statistics.
U.S. Census Bureau. (2012). 2012 population national projections [MRDF]. Washington, DC: U.S. Census Bureau.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2015 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Murdock, S., Cline, M., Zey, M. (2015). The Future of Hispanics May Determine the Socioeconomic Future of the United States. In: Vega, W., Markides, K., Angel, J., Torres-Gil, F. (eds) Challenges of Latino Aging in the Americas. Springer, Cham. https://doi.org/10.1007/978-3-319-12598-5_2
Download citation
DOI: https://doi.org/10.1007/978-3-319-12598-5_2
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-12597-8
Online ISBN: 978-3-319-12598-5
eBook Packages: Humanities, Social Sciences and LawSocial Sciences (R0)