BLACK-WHITE INCOME AND WEALTH GAPS

Tuesday, July 3, 2018
BBN Times

Black-white gaps in income and in wealth have been fearsomely persistent over time. Here, I'll mention some main themes from two studies, one focused on income differentials and one on wealth differentials.

On the topic of income differentials, Raj Chetty, Nathaniel Hendren, Maggie R. Jones, and Sonya R. Porter have written a research paper, "Race and Economic Opportunity in the United States:An Intergenerational Perspective"(March 2018, also available as NBER Working Paper #24441). The authors have written a nice readable summary of main findings for the VoxEU website (June 27, 2018).

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Finding #7: The black–white gap is not immutable: black boys who move to better neighbourhoods as children have significantly better outcomes. On the issues of black-white inequality in wealth, William Darity Jr., Darrick Hamilton, Mark Paul, Alan Aja, Anne Price, Antonio Moore, and Caterina Chiopris offer an overview of some key findings in "What We Get Wrong About Closing the Racial Wealth Gap" (April 2018, Samuel DuBois Cook Center on Social Equity at Duke University). The report is in the form of myths and then counterpoint evidence drawn from a variety of sources. Again, there is much more evidence and argument in the report, but here are some main findings (citations and footnote omitted for readability).

Read the full article here