transmitted through culture can help to explain this persistent saving disparity. -- Savings gap ; institutions ; race ; culture … evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an … scaffolding erected many years earlier. Using a novel within race decomposition we provide evidence that past institutions …

evidence of the long-lived nature of institutions and the link between institutions and culture. In this paper, we provide an … scaffolding erected many years earlier. Using a novel within race decomposition we provide evidence that past institutions … be attributed solely to racial discrimination but can be explained by the response of culture to institutional …

exacerbation of racial disparities in financial outcomes. We use administrative banking data paired with self-reported race … Chase Institute 2021 for most recent data), we observe increases in account balances for all race groups. Black families … the pandemic – trends that hold even after accounting for income differences. Within each race group, women have lower …