Differences in college and post-graduate degree attainment alone explain less than half of Black-White and Hispanic-White wealth gaps in a standard wealth regression. Differences in family structure and measures of luck such as income windfalls and inheritances explain even less. Measures of...

Selective universities regularly employ policies that favor children of alumni (known as legacies') in undergraduate admissions. Since alumni from selective colleges and universities have, historically, been disproportionately white, admissions policies that favor legacies have...

Selective universities regularly employ policies that favor children of alumni (known as legacies') in undergraduate admissions. Since alumni from selective colleges and universities have, historically, been disproportionately white, admissions policies that favor legacies have...