Changes in the distribution of black and white wealth since the US civil war (Record no. 525050)

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100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Derenoncourt, E. et al
245 ## - TITLE STATEMENT
Title Changes in the distribution of black and white wealth since the US civil war
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc The Journal of Economic Perspectives
300 ## - PHYSICAL DESCRIPTION
Extent 37(4), Full, 2023: p.71-90
520 ## - SUMMARY, ETC.
Summary, etc The difference in the average wealth of Black and white Americans narrowed in the first century after the Civil War, but remained large and even widened again after 1980. Given high levels of wealth concentration both historically and today, dynamics at the average may not capture important heterogeneity in racial wealth gaps across the distribution. This paper looks into the historical evolution of the Black and white wealth distributions since Emancipation. The picture that emerges is an even starker one than racial wealth inequality at the mean. Tracing, for the first time, the evolution of wealth of the median Black household and the gap between the typical Black and white household over time, we estimate that the majority of Black households only began to dispose of measurable wealth around World War II. While the civil rights era brought substantial wealth gains for the median Black household, the gap between Black and white wealth at the median has not changed much since the 1970s. The top and the bottom of the wealth distribution show even greater persistence, with Black households consistently over-represented in the bottom half of the wealth distribution and under-represented in the top-10 percent over the past seven decades.- Reproduced

https://www.aeaweb.org/articles?id=10.1257/jep.37.4.71
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Main entry heading The Journal of Economic Perspectives
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
Subject DIP POLITICS AND GOVERNMENT – UNITED STATES
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Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Permanent location Current location Date acquired Serial Enumeration / chronology Barcode Date last seen Koha item type
          Indian Institute of Public Administration Indian Institute of Public Administration 2024-02-08 37(4), Full, 2023: p.71-90 AR130882 2024-02-08 Articles

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