Black White Income Differentials

Author : Melvin L. Oliver
Publisher : Taylor & Francis
ISBN 13 : 0415951674
Total Pages : 356 pages
Book Rating : 4.78/5 ( download)

DOWNLOAD NOW!

Download or read book Black Wealth, White Wealth written by Melvin L. Oliver and published by Taylor & Francis. This book was released on 2006 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors analyse wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and show how public policies fail to redress this problem.

Author : Thomas M. Shapiro
Publisher :
ISBN 13 : 9780195151473
Total Pages : 268 pages
Book Rating : 4.7X/5 ( download)

DOWNLOAD NOW!

Download or read book The Hidden Cost of Being African American written by Thomas M. Shapiro and published by . This book was released on 2004 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past three decades, racial prejudice in America has declined significantly and many African American families have seen a steady rise in employment and annual income. But alongside these encouraging signs, Thomas Shapiro argues in The Hidden Cost of Being African American, fundamental levels of racial inequality persist, particularly in the area of asset accumulation--inheritance, savings accounts, stocks, bonds, home equity, and other investments-. Shapiro reveals how the lack of these family assets along with continuing racial discrimination in crucial areas like homeownership dramatically impact the everyday lives of many black families, reversing gains earned in schools and on jobs, and perpetuating the cycle of poverty in which far too many find themselves trapped. Shapiro uses a combination of in-depth interviews with almost 200 families from Los Angeles, Boston, and St. Louis, and national survey data with 10,000 families to show how racial inequality is transmitted across generations. We see how those families with private wealth are able to move up from generation to generation, relocating to safer communities with better schools and passing along the accompanying advantages to their children. At the same time those without significant wealth remain trapped in communities that don't allow them to move up, no matter how hard they work. Shapiro challenges white middle class families to consider how the privileges that wealth brings not only improve their own chances but also hold back people who don't have them. This "wealthfare" is a legacy of inequality that, if unchanged, will project social injustice far into the future. Showing that over half of black families fall below the asset poverty line at the beginning of the new century, The Hidden Cost of Being African American will challenge all Americans to reconsider what must be done to end racial inequality.

Author : Barbara Robles
Publisher : The New Press
ISBN 13 : 1595585621
Total Pages : 336 pages
Book Rating : 4.22/5 ( download)

DOWNLOAD NOW!

Download or read book The Color of Wealth written by Barbara Robles and published by The New Press. This book was released on 2006-06-05 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: For every dollar owned by the average white family in the United States, the average family of color has less than a dime. Why do people of color have so little wealth? The Color of Wealth lays bare a dirty secret: for centuries, people of color have been barred by laws and by discrimination from participating in government wealth-building programs that benefit white Americans. This accessible book—published in conjunction with one of the country’s leading economics education organizations—makes the case that until government policy tackles disparities in wealth, not just income, the United States will never have racial or economic justice. Written by five leading experts on the racial wealth divide who recount the asset-building histories of Native Americans, Latinos, African Americans, Asian Americans, and European Americans, this book is a uniquely comprehensive multicultural history of American wealth. With its focus on public policies—how, for example, many post–World War II GI Bill programs helped whites only—The Color of Wealth is the first book to demonstrate the decisive influence of government on Americans’ net worth.

Author : Melvin Oliver
Publisher : Routledge
ISBN 13 : 1135024782
Total Pages : 345 pages
Book Rating : 4.89/5 ( download)

DOWNLOAD NOW!

Download or read book Black Wealth / White Wealth written by Melvin Oliver and published by Routledge. This book was released on 2013-04-15 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The award-winning Black Wealth / White Wealth offers a powerful portrait of racial inequality based on an analysis of private wealth. Melvin Oliver and Thomas Shapiro's groundbreaking research analyzes wealth - total assets and debts rather than income alone - to uncover deep and persistent racial inequality in America, and they show how public policies have failed to redress the problem. First published in 1995, Black Wealth / White Wealth is considered a classic exploration of race and inequality. It provided, for the first time, systematic empirical evidence that explained the racial inequality gap between blacks and whites. The Tenth Anniversary edition contains two entirely new and substantive chapters. These chapters look at the continuing issues of wealth and inequality in America and the new policies that have been launched in the past ten years. Some have been progressive while others only recreate inequality - for example the proposal to eliminate the estate tax. Compelling and also informative, Black Wealth / White Wealth is not just pioneering research. It is also a powerful counterpoint to arguments against affirmative action and a direct challenge to current social welfare policies that are tilted towards the wealthy.

Author : Andreas Fagereng
Publisher : International Monetary Fund
ISBN 13 : 1484370066
Total Pages : 69 pages
Book Rating : 4.63/5 ( download)

DOWNLOAD NOW!

Download or read book Heterogeneity and Persistence in Returns to Wealth written by Andreas Fagereng and published by International Monetary Fund. This book was released on 2018-07-27 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population data from Norway’s administrative tax records. We document a number of novel results. First, during our sample period individuals earn markedly different average returns on their financial assets (a standard deviation of 14%) and on their net worth (a standard deviation of 8%). Second, heterogeneity in returns does not arise merely from differences in the allocation of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the return by 3 percentage points - and by 17 percentage points when the same exercise is performed for the return to net worth. Fourth, wealth returns exhibit substantial persistence over time. We argue that while this persistence partly reflects stable differences in risk exposure and assets scale, it also reflects persistent heterogeneity in sophistication and financial information, as well as entrepreneurial talent. Finally, wealth returns are (mildly) correlated across generations. We discuss the implications of these findings for several strands of the wealth inequality debate.

Author : Stanley H. Masters
Publisher : New York : Academic Press
ISBN 13 :
Total Pages : 216 pages
Book Rating : 4.58/5 ( download)

DOWNLOAD NOW!

Download or read book Black-White Income Differentials written by Stanley H. Masters and published by New York : Academic Press. This book was released on 1975 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on income differentials between whites and Blacks in urban areas in the USA, including statistical analysis - examines economic theories of discrimination, the effects of internal migration and racial segregation in housing on income differentials, differences in labour productivity by race, etc., presents policy recommendations concerning equal opportunity in employment and education, and concludes that labour market discrimination is most important in causing income differentials. References and statistical tables.

Author : Mehrsa Baradaran
Publisher : Harvard University Press
ISBN 13 : 0674982304
Total Pages : 360 pages
Book Rating : 4.07/5 ( download)

DOWNLOAD NOW!

Download or read book The Color of Money written by Mehrsa Baradaran and published by Harvard University Press. This book was released on 2017-09-14 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1863 black communities owned less than 1 percent of total U.S. wealth. Today that number has barely budged. Mehrsa Baradaran pursues this wealth gap by focusing on black banks. She challenges the myth that black banking is the solution to the racial wealth gap and argues that black communities can never accumulate wealth in a segregated economy.

Author : William A. Darity Jr.
Publisher : UNC Press Books
ISBN 13 : 1469671212
Total Pages : 443 pages
Book Rating : 4.15/5 ( download)

DOWNLOAD NOW!

Download or read book From Here to Equality, Second Edition written by William A. Darity Jr. and published by UNC Press Books. This book was released on 2022-07-27 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Racism and discrimination have choked economic opportunity for African Americans at nearly every turn. At several historic moments, the trajectory of racial inequality could have been altered dramatically. But neither Reconstruction nor the New Deal nor the civil rights struggle led to an economically just and fair nation. Today, systematic inequality persists in the form of housing discrimination, unequal education, police brutality, mass incarceration, employment discrimination, and massive wealth and opportunity gaps. Economic data indicates that for every dollar the average white household holds in wealth the average black household possesses a mere ten cents. This compelling and sharply argued book addresses economic injustices head-on and make the most comprehensive case to date for economic reparations for U.S. descendants of slavery. Using innovative methods that link monetary values to historical wrongs, William Darity Jr. and A. Kirsten Mullen assess the literal and figurative costs of justice denied in the 155 years since the end of the Civil War and offer a detailed roadmap for an effective reparations program, including a substantial payment to each documented U.S. black descendant of slavery. This new edition features a new foreword addressing the latest developments on the local, state, and federal level and considering current prospects for a comprehensive reparations program.

Author : Thomas M. Shapiro
Publisher : Basic Books
ISBN 13 : 0465094872
Total Pages : 272 pages
Book Rating : 4.75/5 ( download)

DOWNLOAD NOW!

Download or read book Toxic Inequality written by Thomas M. Shapiro and published by Basic Books. This book was released on 2017-03-14 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Everyone concerned about the toxic effects of inequality must read this book."--Robert B. Reich "This is one of the most thought-provoking books I have read on economic inequality in the US."--William Julius Wilson Since the Great Recession, most Americans' standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality's impact differs by race; African Americans' net wealth is just a tenth that of white Americans, and over recent decades, white families have accumulated wealth at three times the rate of black families. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities--a dangerous combination he terms "toxic inequality." In Toxic Inequality, Shapiro reveals how these forces combine to trap families in place. Following nearly two hundred families of different races and income levels over a period of twelve years, Shapiro's research vividly documents the recession's toll on parents and children, the ways families use assets to manage crises and create opportunities, and the real reasons some families build wealth while others struggle in poverty. The structure of our neighborhoods, workplaces, and tax code-much more than individual choices-push some forward and hold others back. A lack of assets, far more common in families of color, can often ruin parents' careful plans for themselves and their children. Toxic inequality may seem inexorable, but it is not inevitable. America's growing wealth gap and its yawning racial divide have been forged by history and preserved by policy, and only bold, race-conscious reforms can move us toward a more just society.

Author : Elliott Smith
Publisher : Lerner Publications TM
ISBN 13 : 1728447208
Total Pages : 32 pages
Book Rating : 4.09/5 ( download)

DOWNLOAD NOW!

Download or read book Income Inequality and the Fight Over Wealth Distribution written by Elliott Smith and published by Lerner Publications TM. This book was released on 2022-01-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Audisee® eBooks with Audio combine professional narration and sentence highlighting for an engaging read aloud experience! In America, the amount of money people earn for doing the same job isn't always equal. The United States only recently made it illegal to pay men more than women for the same job, and the country's history of racism has created big wealth gaps between white and Black people that persist in the twenty-first century. Learn how income inequality originated, why it is a problem, and the ways people are fighting for an equal playing field. Read WokeTM Books are created in partnership with Cicely Lewis, the Read Woke librarian. Inspired by a belief that knowledge is power, Read Woke Books seek to amplify the voices of people of the global majority (people who are of African, Arab, Asian, and Latin American descent and identify as not white), provide information about groups that have been disenfranchised, share perspectives of people who have been underrepresented or oppressed, challenge social norms and disrupt the status quo, and encourage readers to take action in their community.