Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...

We observe empirical differences between races across various macroeconomic variables for the White, Black, Asian, and Hispanic populations in the U.S. For instance, the Black unemployment rate in the U.S. is more often than not double the White unemployment rate. In this paper, I treat nine...

Using data from the New Immigrant Survey 2003, this paper shows that skin color and height affect wages among new lawful immigrants to the U.S. controlling for education, English language proficiency, occupation in source country, family background, ethnicity, race, and country of birth....

Although the idea that individuals’ race is fluid and can change over time is increasingly accepted, racial identities have a structural component involving the presence of immutable and typically easily observable individual traits. This research note considers physical appearance (hair and...

This paper examines the impact of manufacturing employment decline on the socio-economic outcomes within and between black and white Americans from 1960 to 2010. Exploiting variation across cities and over time, the analysis shows that manufacturing decline negatively impacted blacks (men,...

We replicate and reexamine Saperstein and Penner's prominent 2010 study which asks whether incarceration changes the probability that an individual will be seen as black or white (regardless of the individual's phenotype). Our reexamination shows that only a small part of their empirical...

To what extent do U.S. law school demographics concerning gender, race, and ethnicity reflect the same demographics of their applicant populations? This is a preview (highlighting law school rankings) of a forthcoming paper that attempts to answer the question by developing a measurement of...

After decades of narrowing, the achievement gap between black and white school children widened in the 1990s a period when the labor market rewards for education were increasing. This presents an important puzzle for economists. In this chapter, I investigate the extent to which economic models...

Empirical evidence illustrates that diversity generates both economic costs and benefits. This paper develops a theoretical model that accounts for the positive and deleterious effects of heterogeneity. First, an expanded Solow Growth Model demonstrates that the direct effects of diversity can...

Measuring average differences in an outcome across racial or ethnic groups is a crucial first step for equity assessments, but researchers often lack access to data on individuals' races and ethnicities to calculate them. A common solution is to impute the missing race or ethnicity labels using...