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Wealth of Two Nations : The U.S. Racial Wealth Gap, 1860-2020
Derenoncourt, Ellora; Kim, Chi Hyun; Kuhn, Moritz; … - National Bureau of Economic Research - 2022
, savings behavior, and capital returns in the evolution of the gap. Given vastly different starting conditions under slavery …
Persistent link: https://www.econbiz.de/10013334320
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Interbank Networks and the Interregional Transmission of Financial Crises : Evidence from the Panic of 1907
Jaremski, Matthew S.; Wheelock, David C. - National Bureau of Economic Research - 2023
This paper provides quantitative evidence on interbank transmission of financial distress in the Panic of 1907 and ensuing recession. Originating in New York City, the panic led to payment suspensions and emergency currency issuance in many cities. Data on the universe of interbank connections...
Persistent link: https://www.econbiz.de/10014287370
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The Spanish Mission Legacy on Native American Reservations
Alston, Lee J.; Duggan, Marie Christine; Pastrana, … - National Bureau of Economic Research - 2022
We explore the long run impact of the Spanish missions on Native American outcomes in the early 20th century. Native communities who interacted with Spanish missionaries developed into enclaves which blended Catholicism with native culture. Some survived assaults on their property rights by...
Persistent link: https://www.econbiz.de/10013334468
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Slavery and the British Industrial Revolution
Heblich, Stephan; Redding, Stephen; Voth, Hans-Joachim - National Bureau of Economic Research - 2022
, slavery wealth is strongly correlated with economic development - slave-holding areas are less agricultural, closer to cotton … mills, and have higher property wealth. We rationalize these findings using a dynamic spatial model, where slavery … overseas slave wealth. Overall, our findings are consistent with the view that slavery wealth accelerated Britain's industrial …
Persistent link: https://www.econbiz.de/10013388807
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Disparities in Pollution Capitalization Rates : The Role of Direct and Systemic Discrimination
Zivin, Joshua S. Graff; Singer, Gregor - National Bureau of Economic Research - 2022
We examine how exogenous changes in exposure to air pollution over the past two decades have altered the disparities in home values between Black and White homeowners. We find that air quality capitalization rates are significantly lower for Black homeowners. In fact, they are so much lower...
Persistent link: https://www.econbiz.de/10013477306
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Regulatory Arbitrage or Random Errors? Implications of Race Prediction Algorithms in Fair Lending Analysis
Greenwald, Daniel; Howell, Sabrina T.; Li, Cangyuan; … - National Bureau of Economic Research - 2023
When race is not directly observed, regulators and analysts commonly predict it using algorithms based on last name and address. In small business lending--where regulators assess fair lending law compliance using the Bayesian Improved Surname Geocoding (BISG) algorithm--we document large...
Persistent link: https://www.econbiz.de/10014337878
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The Minimum Wage and Inequality Between Groups
Blau, Francine D.; Cohen, Isaac; Comey, Matthew L.; … - National Bureau of Economic Research - 2023
We use wage data from the Current Population Survey Merged Outgoing Rotation Group (CPS MORG) to study the effect of state and federal minimum wage policies on gender, race, and ethnic inequality throughout the wage distribution, focusing on lower-tail inequality between men and women, Blacks...
Persistent link: https://www.econbiz.de/10014372482
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Racial Disparities in the Income Tax Treatment of Marriage
Holtzblatt, Janet; Joshi, Swati; Cahill, Nora R.; Gale, … - National Bureau of Economic Research - 2023
Although it is generally blind with respect to race, the federal individual income tax can create racial disparities when factors that affect tax liability are associated with race. We provide new evidence on racial differences in marriage penalties and bonuses in the income tax, using data from...
Persistent link: https://www.econbiz.de/10014421230
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Discrimination During Eviction Moratoria
Arefeva, Alina; Jowers, Kay; Hu, Qihui; Timmins, Christopher - National Bureau of Economic Research - 2024
We provide evidence of intensified discriminatory behavior by landlords in the rental housing market during the eviction moratoria instituted during the COVID-19 pandemic. Using data collected from an experiment that involved more than 25,000 inquiries of landlords in the 50 largest cities in...
Persistent link: https://www.econbiz.de/10014512143
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The Missing Link? Using LinkedIn Data to Measure Race, Ethnic, and Gender Differences in Employment Outcomes at Individual Companies
Berry, Alexander; Maloney, Elizabeth M.; Neumark, David - National Bureau of Economic Research - 2024
Stronger enforcement of discrimination laws can help to reduce disparities in economic outcomes with respect to race, ethnicity, and gender in the United States. However, the data necessary to detect possible discrimination and to act to counter it is not publicly available - in particular, data...
Persistent link: https://www.econbiz.de/10014512147