During the period 2005 to 2020, Black borrowers with mortgages insured by Fannie Mae or Freddie Mac paid interest rates that were almost 50 basis points higher than those paid by nonHispanic white borrowers. We show that the main reason is that non-Hispanic white borrowers are much more likely...

Affirmative action, or positive discrimination favouring the members of marginalized populations, is a key policy approach for addressing group-based inequalities along ethnic, religious, and racial lines (e.g. horizontal inequalities). It is adopted in dozens of countries around the world in...

Affirmative action, or positive discrimination favouring the members of marginalized populations, is a key policy approach to addressing group-based inequalities. It is adopted in dozens of countries around the world in the areas of, for instance, university enrolment, public employment, and...