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Setting the Record Straight on Racial Wealth Inequality

Author

Listed:
  • Fenaba R. Addo
  • William A. Darity Jr.
  • Samuel L. Myers Jr.

Abstract

The racial wealth gap in the United States is the object of much misrepresentation and misunderstanding. Our paper is intended to provide a corrective. We will address how the mainstream economic view of the drivers of racial disparities in wealth is a human capital view that promotes anti-Black and personal responsibility narratives while ignoring the significance of the racially uneven transmission of resources across generations. It also fails to acknowledge the cumulative impact of US racial history on present wealth gaps.

Suggested Citation

  • Fenaba R. Addo & William A. Darity Jr. & Samuel L. Myers Jr., 2024. "Setting the Record Straight on Racial Wealth Inequality," AEA Papers and Proceedings, American Economic Association, vol. 114, pages 169-173, May.
    • Handle: RePEc:aea:apandp:v:114:y:2024:p:169-73
    DOI: 10.1257/pandp.20241102
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    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • N31 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - U.S.; Canada: Pre-1913
    • N32 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - U.S.; Canada: 1913-

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