Fryer, Roland; Heaton, Paul Scott; Levitt, Steven; … - National Bureau of Economic Research (NBER) - 2005
A wide range of social indicators turned sharply negative for Blacks in the late 1980s and began to rebound roughly a decade later. We explore whether the rise and fall of crack cocaine can explain these patterns. Absent a direct measure of crack cocaine%u2019s prevalence, we construct an index...