IDEAS home Printed from https://ideas.repec.org/a/spr/revepe/v3y2022i3d10.1007_s43253-022-00074-7.html
   My bibliography  Save this article

Collective wealth and group identity: insights from stratification economics

Author

Listed:
  • Patrick L. Mason

    (Florida State University)

  • James B. Stewart

    (Institute of Race, Power, and Political Economy, The New School)

  • William A. Darity

    (Duke University)

Abstract

Informed by insights drawn from stratification economics and deploying dynamic game theory, we project the long-term outcome of racial/ethnic wealth disparities under multiple policy scenarios. At the core of the analysis is the character of investment individuals make in-group identity. The scenarios involve six regimes where color blindness is the norm, an equal opportunity principle is operative, the equal results principle prevails, strict apartheid is practiced, discrimination on the basis of phenotype is practiced, and a final scenario where reparations on behalf of the subordinate group have been implemented. Utilizing a series of simulation exercises, we explore the long-term outcomes on polarization, racialization, and wealth disparities under the reach of the scenarios.

Suggested Citation

  • Patrick L. Mason & James B. Stewart & William A. Darity, 2022. "Collective wealth and group identity: insights from stratification economics," Review of Evolutionary Political Economy, Springer, vol. 3(3), pages 463-491, October.
    • Handle: RePEc:spr:revepe:v:3:y:2022:i:3:d:10.1007_s43253-022-00074-7
    DOI: 10.1007/s43253-022-00074-7
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43253-022-00074-7
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43253-022-00074-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. William Darity, 2005. "Stratification economics: The role of intergroup inequality," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 29(2), pages 144-153, June.
    2. Gregory Price, 2008. "Hurricane Katrina: Was There a Political Economy of Death?," The Review of Black Political Economy, Springer;National Economic Association, vol. 35(4), pages 163-180, December.
    3. Arthur H. Goldsmith & Darrick Hamilton & William Darity Jr, 2006. "Shades of Discrimination: Skin Tone and Wages," American Economic Review, American Economic Association, vol. 96(2), pages 242-245, May.
    4. Darity, William Jr. & Mason, Patrick L. & Stewart, James B., 2006. "The economics of identity: The origin and persistence of racial identity norms," Journal of Economic Behavior & Organization, Elsevier, vol. 60(3), pages 283-305, July.
    5. William A. Darity, Jr. & Bidisha Lahiri & Dania V. Frank, 2010. "Reparations for African‐Americans as a Transfer Problem: A Cautionary Tale," Review of Development Economics, Wiley Blackwell, vol. 14(2), pages 248-261, May.
    6. James Stewart, 2009. "Be All That You Can Be?: Racial Identity Production in the U.S. Military," The Review of Black Political Economy, Springer;National Economic Association, vol. 36(1), pages 51-78, March.
    7. Rodolfo Espino & Michael M. Franz, 2002. "Latino Phenotypic Discrimination Revisited: The Impact of Skin Color on Occupational Status," Social Science Quarterly, Southwestern Social Science Association, vol. 83(2), pages 612-623, June.
    8. T. N. Carver, 1925. "The Meaning of Economic Equality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 39(3), pages 473-475.
    9. Mason, Patrick L., 2004. "Annual income, hourly wages, and identity Among Mexican Americans and other Latinos," MPRA Paper 11326, University Library of Munich, Germany.
    10. William A. Darity & Patrick L. Mason, 1998. "Evidence on Discrimination in Employment: Codes of Color, Codes of Gender," Journal of Economic Perspectives, American Economic Association, vol. 12(2), pages 63-90, Spring.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Merve Burnazoglu & Stefan Kesting & Franklin Obeng-Odoom & Alyssa Schneebaum, 2022. "Editorial introduction: REPE symposium on inequalities, social stratification, and stratification economics," Review of Evolutionary Political Economy, Springer, vol. 3(2), pages 375-377, July.
    2. Gregory N. Price, 2022. "Incarceration risk, asset pricing, and black‐white wealth inequality," Social Science Quarterly, Southwestern Social Science Association, vol. 103(5), pages 1306-1319, September.
    3. Merve Burnazoglu & Stefan Kesting & Franklin Obeng-Odoom & Alyssa Schneebaum, 2022. "Introduction: Advancing Stratification Economics — methodological perspectives and policy applications," Review of Evolutionary Political Economy, Springer, vol. 3(3), pages 457-461, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. William Darity & Darrick Hamilton & James Stewart, 2015. "A Tour de Force in Understanding Intergroup Inequality: An Introduction to Stratification Economics," The Review of Black Political Economy, Springer;National Economic Association, vol. 42(1), pages 1-6, June.
    2. Javier Cano-Urbina & Patrick L. Mason, 2016. "Acculturation and the labor market in Mexico," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-29, December.
    3. Randall Akee & Mutlu Yuksel, 2012. "The Decreasing Effect of Skin Tone on Women's Full-Time Employment," ILR Review, Cornell University, ILR School, vol. 65(2), pages 398-426, April.
    4. JooHee Han, 2020. "Does Skin Tone Matter? Immigrant Mobility in the U.S. Labor Market," Demography, Springer;Population Association of America (PAA), vol. 57(2), pages 705-726, April.
    5. Joni Hersch, 2008. "Profiling the New Immigrant Worker: The Effects of Skin Color and Height," Journal of Labor Economics, University of Chicago Press, vol. 26(2), pages 345-386, April.
    6. Constant, Amelie F. & Gataullina, Liliya & Zimmermann, Klaus F., 2009. "Ethnosizing immigrants," Journal of Economic Behavior & Organization, Elsevier, vol. 69(3), pages 274-287, March.
    7. Claudia Senik & Thierry Verdier, 2011. "Segregation, entrepreneurship and work values: the case of France," Journal of Population Economics, Springer;European Society for Population Economics, vol. 24(4), pages 1207-1234, October.
    8. Nekby, Lena & Rödin, Magnus & Özcan, Gülay, 2007. "Acculturation Identity and Educational Attainment," IZA Discussion Papers 3172, Institute of Labor Economics (IZA).
    9. Amelie F. Constant & Klaus F. Zimmermann, 2008. "Measuring Ethnic Identity and its Impact on Economic Behavior," Journal of the European Economic Association, MIT Press, vol. 6(2-3), pages 424-433, 04-05.
    10. Alberto Bisin & Eleonora Patacchini & Thierry Verdier & Yves Zenou, 2011. "Ethnic identity and labour market outcomes of immigrants in Europe [Assessing the oppositional culture explanation for racial/ethnic differences in school performance]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 26(65), pages 57-92.
    11. Nekby, Lena & Rödin, Magnus, 2010. "Acculturation identity and employment among second and middle generation immigrants," Journal of Economic Psychology, Elsevier, vol. 31(1), pages 35-50, February.
    12. Mason, Patrick L., 2004. "Annual income, hourly wages, and identity Among Mexican Americans and other Latinos," MPRA Paper 11326, University Library of Munich, Germany.
    13. Brian Duncan & Stephen J. Trejo, 2009. "Ancestry versus ethnicity: the complexity and selectivity of Mexican identification in the United States," Research in Labor Economics, in: Ethnicity and Labor Market Outcomes, pages 31-66, Emerald Group Publishing Limited.
    14. Brian Duncan & Stephen J. Trejo, 2017. "The Complexity of Immigrant Generations: Implications for Assessing the Socioeconomic Integration of Hispanics and Asians," ILR Review, Cornell University, ILR School, vol. 70(5), pages 1146-1175, October.
    15. repec:diw:diwwpp:dp957 is not listed on IDEAS
    16. Constant, Amelie F., 2014. "Ethnic Identity and Work," IZA Discussion Papers 8571, Institute of Labor Economics (IZA).
    17. repec:diw:diwwpp:dp908 is not listed on IDEAS
    18. Snower, Dennis J. & Lechthaler, Wolfgang, 2013. "Worker Identity, Employment Fluctuations and Stabilization Policy," IZA Discussion Papers 7413, Institute of Labor Economics (IZA).
    19. Amelie Constant & Klaus F. Zimmermann, 2009. "Work and Money: Payoffs by Ethnic Identity and Gender," Discussion Papers of DIW Berlin 908, DIW Berlin, German Institute for Economic Research.
    20. Brooks B. Robinson, 2009. "Black Unemployment And Infotainment," Economic Inquiry, Western Economic Association International, vol. 47(1), pages 98-117, January.
    21. Amelie F. Constant & Klaus F. Zimmermann, 2009. "Work and money: payoffs by ethnic identity and gender," Research in Labor Economics, in: Ethnicity and Labor Market Outcomes, pages 3-30, Emerald Group Publishing Limited.
    22. Raymundo M. Campos-Vazquez & Eduardo M. Medina-Cortina, 2019. "Skin Color and Social Mobility: Evidence From Mexico," Demography, Springer;Population Association of America (PAA), vol. 56(1), pages 321-343, February.

    More about this item

    Keywords

    Stratification economics; Intergroup inequality; Intergroup rivalry; Long-run analysis; Dynamic game theory; Public policy; Reparations; Color-blind ideology; Equal opportunity; Equal results; Passing; “Tomming; ” Post-racialism;
    All these keywords.

    JEL classification:

    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • J78 - Labor and Demographic Economics - - Labor Discrimination - - - Public Policy (including comparable worth)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:revepe:v:3:y:2022:i:3:d:10.1007_s43253-022-00074-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.