Overcoming Compound Racial Inequity: Policies and Costs for Closing the Black-White Wealth Gap

Jonathan W. Welburn; Pedro Nascimento de Lima; Krishna B. Kumar; Osonde A. Osoba; Jonathan Lamb

Abstract

This report provides a quantitative analysis of current the US wealth distribution, a measure of racial wealth disparity, and a model of disparity-reducing wealth allocations. The authors use data from the Survey of Consumer Finances, a survey conducted by the Federal Reserve Board, to investigate the sources of wealth disparity, estimate the potential first-order impacts of government allocations, and shed light on the possible trade-offs of one-time allocations.

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Topics

racial wealth gap economic inequality social equity wealth disparities policy analysis economic policy racial inequality intergenerational wealth social justice economic modeling inequality research demographic economics

Citation

@book{Welburn2022,
author = {Welburn, Jonathan W. and {Nascimento de Lima}, Pedro and Kumar, Krishna B. and Osoba, Osonde A. and Lamb, Jonathan},
doi = {10.7249/RRA1259-2},

mendeley-groups = {00 - pedropapers},
publisher = {RAND Corporation},
title = {{Overcoming Compound Racial Inequity: Policies and Costs for Closing the Black-White Wealth Gap}},
url = {https://www.rand.org/pubs/research_reports/RRA1259-2.html},
year = {2022}
}