Full Citation

Title: The Great Recession Effects on Hourly Wages and the Rate of Return to Schooling Between Whites and Blacks in New York

Citation Type: Journal Article

Publication Year: 2017

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Abstract: This paper examines the effects of the Great Recession on the difference in hourly wages and the rate of return to schooling between whites and blacks in New York. Using the American Community Survey 2000-2015, we find that blacks fare relatively worse than whites during the Great Recession and recovery period. Whites earned more than blacks before the recession, and the white-black hourly wage gap increased during and after the recession. The rate of return to schooling was higher for whites than for blacks before the recession, and the white-black gap in the rate of return to schooling was greater during and after the recession, especially for the group under age 40. For people 40 and older, there was no Great Recession effect on the white-black gap in the rate of return to schooling. The change in the wage structure (i.e. the wage change in high educated and low educated whites and blacks) helps us explain the change of the white-black gap in the rate of return between pre- and post-recession periods.

Url: https://www.nyseconomicsassociation.org/content/Nyer/2017/2017 NYER Journal.pdf#page=5

User Submitted?: No

Authors: Chen, Yanan; Kelly, Kyle

Periodical (Full): NEW YORK ECONOMIC REVIEW

Issue:

Volume: XLVIII

Pages: 117

Data Collections: IPUMS USA

Topics: Education, Other, Race and Ethnicity

Countries: United States