The wage gap between African-Americans and white Americans is substantial in the US and has slightly narrowed over the past 30 years. Today, blacks have almost achieved the same educational level as whites. There is reason to believe that discrimination driven by prejudice plays a part in...

We find that minority operated funds deliver higher alphas, Sharpe ratios, and information ratios than do non-minority operated funds. Moreover, minority fund managers attended more selective schools, worked at higher status investment banks, and are more likely to hold post-graduate degrees....

In this paper, we use the Blinder-Oaxaca method for nonlinear models to decompose observed differences in credit rationing of small businesses between white- and minority-owned firms in the USA. We utilize a representative dataset of small businesses from the Survey of Small Business Finances...

The effects of skills achieved in early adulthood—as measured by the Armed Forces Qualifying Test (AFQT) score, the Rotter score, and Deming’s (2017) Social score—are shown to impact education, income, and homeownership levels achieved in later life. Mediation analysis is used to identify...

Using a representative longitudinal survey of U.S. teenagers, we investigate how peer racial composition in high school affects individual turnout of young adults. We exploit across-cohort, within-school differences in peer racial composition. One within-school standard deviation increase in the...

In this replication study, we revisit the main empirical claims of Hamel and Wilcox-Archuleta's (HW) 2022 study on the impact of daytime racial diversity on White Americans' voting behavior and racial attitudes. HW introduce a novel zip code level measure of racial diversity that accounts for...

We study racial bias and the persistence of first impressions in the context of education. Teachers who begin their careers in classrooms with large black-white score gaps carry negative views into evaluations of future cohorts of black students. Our evidence is based on novel data on blind...