The racial wealth gap is the largest of the economic disparities between Black and white
Americans, with a white-to-Black per capita wealth ratio of 6 to 1. It is also among the most …

Do wealthier households save a larger share of their incomes than poorer ones? We use
Norwegian administrative panel data on income and wealth to answer this empirical …

This article examines the consequences and causes of low enrollment of Black patients in
clinical trials. We develop a simple model of similarity-based extrapolation that predicts that …

This article studies the long-run effects of slavery and restrictive Jim Crow institutions on
Black Americans' economic outcomes. We track individual-level census records of each …

What drives the dynamics of the racial wealth gap? We answer this question using a
dynamic stochastic general equilibrium heterogeneous-agents model. Our calibrated model …

Economic frictions pervade the founding, financing, growing, and exiting of high-growth
entrepreneurial firms. This article considers one friction that currently affects a small, but …

We formulate a framework showing that differences in capital returns and capital intensity
between groups of firms can identify relative differences in consumer demand and credit …

We show that financial constraints lead to spatial misallocation and contribute to racial
disparities in housing and wealth accumulation. Using bunching and difference-in …

We examine the history of US land policy, with a focus on the Homestead Acts, underscoring
the precarious position of African Americans during the homesteading period. We discuss …

The racial wealth gap is the largest of the economic gaps between Black and white
Americans, with a white-to-Black average wealth ratio of of 6 to 1 in 2019. Further, the gap …