Search Results

Showing results 1 to 10 of approximately 21.

(refine search)
SORT BY: PREVIOUS / NEXT
Keywords:racial disparities 

Working Paper
The Impact of Racial Segregation on College Attainment in Spatial Equilibrium

We incorporate race into an overlapping-generations spatial-equilibrium model with neighborhood spillovers. The model incorporates race in three ways: (i) a Black-White wage gap, (ii) an amenity externality---households care about the racial composition of their neighbors---and (iii) an additional barrier to moving for Black households. These forces quantitatively account for all of the racial segregation and 80% of the Black-White gap in college attainment in the data for the St. Louis metro area. Counterfactual exercises show that all three forces are quantitatively important. The presence ...
Working Papers , Paper 2022-036

Discussion Paper
Racial Disparities in the Labor Market

Current research tells us that racial gaps in wages, employment, and labor participation have widened over recent decades. Many factors contribute to these disparities, including difficult to measure dynamics like discrimination, criminal conviction history, and skills gaps.
Workforce Currents , Paper 2018-02

Residential Segregation and the Black-White College Gap

Using an economic model, researchers find that racial wage disparities, the amenity externality and racial barriers to moving could help explain the Black-white gap in college attainment.
On the Economy

Journal Article
From Gaps to Growth: Equity as a Path to Prosperity

The pandemic has shined a vivid light on the deep roots of economic inequity, showing that the rules are not the same for everyone. Persistent, unfair gaps in opportunity and well-being across different groups in our society limit people’s potential. Eliminating these inequities could substantially boost GDP and increase the economy’s long-run rate of growth, leading to greater prosperity for all.
FRBSF Economic Letter , Volume 2021 , Issue 26 , Pages 01-07

Speech
The Economic Outlook: Getting Back to "More Like Normal"

Remarks at One Hundred Black Men of New York (delivered via videoconference).
Speech

Working Paper
The Impact of Racial Segregation on College Attainment in Spatial Equilibrium

This paper seeks to understand the forces that maintain racial segregation and the Black-White gap in college attainment, as well as their interactions with place-based policy interventions. We incorporate race into an overlapping-generations spatial-equilibrium model with neighborhood spillovers. Race matters due to: (i) a Black-White wage gap, (ii) amenity externalities---households care about their neighborhood's racial composition---and (iii) additional barriers to moving for Black households. We find that these forces account for 71% of the racial segregation and 64% of the Black-White ...
Working Papers , Paper 2022-036

Discussion Paper
What Drove Racial Disparities in the Paycheck Protection Program?

Numerous studies of the Paycheck Protection Program (PPP), which provided loans to small businesses during the COVID-19 pandemic, have documented racial disparities in the program. Because publicly available PPP data only include information on approved loans, prior work has largely been unable to assess whether these disparities were driven by borrower application behavior or by lender approval decisions. In this post, which is based on a related Staff Report and NBER working paper, we use the Federal Reserve’s 2020 Small Business Credit Survey to examine PPP application behavior and ...
Liberty Street Economics , Paper 20230601

Working Paper
Can Everyone Tap into the Housing Piggy Bank? Racial Disparities in Access to Home Equity

This paper documents large racial disparities in the ability of homeowners to access their housing wealth without moving. During the 2018–2021 period, Black homeowners’ mortgage equity withdrawal (MEW) product applications were rejected at almost double the rate of White homeowners (44% versus 23%), while Hispanic and Asian homeowners also experienced significantly higher denial rates (32% and 30%, respectively). These racial disparities in denials are much larger than those associated with purchase and rate/term refinance mortgage applications. Controlling for loan and borrower ...
Working Papers , Paper 23-25

Journal Article
How Do Business Cycles Affect Worker Groups Differently?

Racial disparities in socioeconomic outcomes for the U.S. population are often masked by aggregate statistics. Unemployment rates vary significantly across groups according to gender and race or ethnicity and have different sensitivities to the business cycle. Focusing on jobless rates by demographic groups shows that Black and Hispanic workers, particularly men, are the most sensitive to periods of economic growth and decline. This higher sensitivity persists across individuals with the same education level. Occupation plays a role in explaining the relative cyclical differences in ...
FRBSF Economic Letter , Volume 2021 , Issue 25 , Pages 01-06

Speech
From Gaps to Growth: Equity as a Path to Prosperity

Presentation to UCLA Anderson Forecast Webinar, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco, September 29, 2021
Speech

FILTER BY year

FILTER BY Series

FILTER BY Content Type

FILTER BY Jel Classification

J15 8 items

G21 5 items

J24 5 items

O18 4 items

G01 3 items

G23 3 items

show more (18)

FILTER BY Keywords

PREVIOUS / NEXT