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Title: Separate and Unequal: Race and the Geography of the American Housing Market
Citation Type: Conference Paper
Publication Year: 2021
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Abstract: In the U.S., Black and white households with identical incomes live in neighborhoods characterized by vastly different economic resources. This racial neighborhood inequality is present in every major metropolitan area and at all points of the income distribution. We document these patterns using neighborhood income as a summary measure of economic resources and highlight where this form of racial inequality is especially severe. We then examine a series of potential explanatory mechanisms for neighborhood inequality, including decentralized racial sorting, housing discrimination, and racial differences in wealth and home ownership. We conclude with a discussion of how the separate and unequal geography of the American housing market contributes to intergenerational mobility and the speed of racial economic convergence in the United States.
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Authors: Bayer, Patrick; Charles, Kerwin Kofi; Park, Joon Yup
Conference Name: "Racial Disparities in Today's Economy," Federal Reserve Bank of Boston's 64th Economic Conference
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Data Collections: IPUMS USA
Topics: Housing and Segregation, Race and Ethnicity
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