The article begins by documenting deep inequality in the form of Black-White wealth disparities: While the overall … wealth distribution in the United States is highly unequal from both historical and international perspectives, racial wealth … with clear title to assets, especially homes belonging to families of modest wealth whose wealth is primarily the value of …

have not applied for loans, as seen in national data sets measuring wealth and expenditures. Contrary to conventional … and highest wealth levels. The authors contend that the observed differences in the bad credit rates between Blacks and … Whites in the middle wealth range are attributable to different treatment of Blacks and Whites in credit markets …

in wealth …

In this paper, we present updated measures of racial disparities in wealth using the most recent data from the Survey … of Consumer Finances (SCF), augmented by household-level estimates of defined benefit (DB) pension wealth developed by … Sabelhaus and Volz (2020). Including this important asset, we find that racial wealth disparities are smaller than the numbers …

We reconcile the large and persistent racial wealth gap with the smaller racial earnings gap, using a general … equilibrium heterogeneous-agents model that matches racial differences in earnings, wealth, bequests, and returns to savings …. Given initial racial wealth inequality in 1962, our model attributes the slow convergence of the racial wealth gap primarily …