Full Citation

Title: The Evolution and Economic impact of African American banks The USA from 1900 to present

Citation Type: Working Paper

Publication Year: 2024

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Abstract: This study presents the first comprehensive analysis of the historical evolution of African American-owned banks in the U.S. and their long-term role in addressing the racial wealth gap. Utilizing a difference-in-differences approach, we investigate the effects of Black bank openings and closures on African American homeownership across U.S. counties over the long run. Our findings demonstrate that Black banks significantly fostered homeownership, a vital driver of wealth accumulation, in the regions they operated. In contrast, their closures had a disproportionate effect, causing a decline in African American homeownership. [88 words]

Url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5055149

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Authors: Dawkasing, Mintra; Dwarkasing, Narly; Panday, Yashvir; Llactahuamani, Lucia

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Publication Number: ssrn-5055149

Institution: SSRN

Pages: 1-52

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Data Collections: IPUMS USA - Ancestry Full Count Data, IPUMS NHGIS

Topics: Housing and Segregation, Race and Ethnicity

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