Boerma, Job; Karabarbounis, Loukas - National Bureau of Economic Research - 2021
Reparations is a policy proposal aiming to address the wealth gap between Black and White households. We provide a … first formal analysis of the economics of reparations using a long-run model of heterogeneous dynasties with an occupational …, entrepreneurship, mobility, and beliefs about risky returns. We use the model to evaluate reparations and find that transfers …