Race and ethnicity play a central role in understanding the structure of inequality in the United States. In this paper, we focus on the economic chasm between black and white America and on what economic theory can contribute to our understanding of both inequality and the design of effective...

This paper presents several related economic models that explore the relationships between imperfect information, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical discrimination, from imperfect information about the return to...

This paper presents several economic models that explore the relationships between imperfect information, racial income disparities, and segregation. The use of race as a signal arises here, as in models of statistical discrimination, from imperfect information about the return to transactions...