Monetary policy has been historically concerned with controlling inflation, using the interest rate as its main tool. However, such policies are not gender- or race-neutral. This paper explores econometrically the effect of changes in the interest rate for female and black employment creation in...

This paper aims to clarify the relationship between monetary policy shocks and wage inequality. We emphasize the relevance of within and between wage group inequalities in explaining total wage inequality in the United States. Relying on the quarterly data for the period 2000-2020, our analysis...

What are the impacts of medical segregation? In 1990, South Africa repealed legislation enacted during Apartheid to segregate medical care. This made it legal for Black Africans to use medi- cal clinics, hospitals and wards that were of higher quality and previously exclusively reserved for...

We investigate whether individuals' preferences for trust and risk change after being exposed to a natural disaster, specifically, the 2009 Black Saturday Fires. Taking advantage of longitudinal data on a large nationally representative sample of Australians, we find that men who experienced...

To receive a patent, an inventor must communicate their invention so clearly that a patent examiner believes a person having ordinary skill in the art (PHOSITA) would recognize how to make and use the invention. Many inventors choose to navigate this difficult communication path with the help of...

The United States has failed to eliminate racial discrimination in the decades since ratifying the international human rights treaty that prohibits it. To its credit, the Biden Administration has attempted to center the fight for racial equity in the work of the executive branch. But President...

We study whether racial disparities in economic opportunity appear at an early age. Using administrative education data linked to tax records, we study the income-achievement gap across different races and find important variation. The income-achievement gap is small for East Asian children...

Appraisal bias has emerged as one of the most controversial issues in the mortgage industry. Several recent studies have documented systematic biases in traditional appraisals that result in lower values for Black and Hispanic homebuyers and neighborhoods (Rothwell and Perry, 2019). This in part...

We study whether racial disparities in economic opportunity appear at an early age. Using administrative education data linked to tax records, we study the income-achievement gap across different races and find important variation. The income-achievement gap is small for East Asian children...

This paper presents an inter-generational, dynamic model of household wealth that demonstrates the endogeneity among the black-white gaps in wages, income and wealth. The model shows that because households with less wealth have more inelastic labor supply, monopsony-employers can use race to...

From biased lending algorithms to chatbots that spew violent hate speech, AI systems already pose many risks to society. While policymakers have a responsibility to tackle pressing issues of algorithmic fairness, privacy, and accountability, they also have a responsibility to consider broader,...

In this paper, we study the effects of elections on the changes in the supply of mortgage credits around elections. According to the literature, politicians have incentives to change economic policies in order to attract voters. We consider a particular type of credit offered through financial...

We study differences in economic outcomes by perceived skin tone among African Americans using full-count U.S. decennial census data from the late-19th and early-20th centuries. Comparing children coded as "Black" or "Mulatto" by census enumerators and linking these children across population...

The 1965 Voting Rights Act (VRA) paved the road to Black empowerment. How did southern whites respond? Leveraging newly digitized data on county-level voter registration rates by race between 1956 and 1980, and exploiting pre-determined variation in exposure to the federal intervention, we...

Is there consumer demand to support Black-owned businesses? To explore, we investigate the impact of a new feature on a large online platform that made the race of a set of Black business owners salient to customers. We find that this feature substantially increased demand for Black-owned...

We study market rents in the neighborhood of asylum seeker hosting centers. Our empirical setting exploits the quasi-random opening of centers and spatial allocation of asylum seekers in Switzerland. Rents within 0.7km of an active center are found on average to be 3.8% lower than rents in the...

The US teaching force remains disproportionately white while the student body grows more diverse. It is therefore important to understand how and under what conditions white teachers learn racial competency. This study applies a mixed-methods approach to investigate the hypothesis that Black...

We study the effects of laws streamlining access to post-conviction forensic DNA technology ("DNA laws"). We present a conceptual framework in which DNA laws' effects differ by race due to unequal access to non-DNA exoneration technologies. Consistent with the framework's predictions, we find...

We study the impacts of blockbusting, i.e. large-scale racial turnover of urban neighborhoods orchestrated by real estate professionals using aggressive and discriminatory practices. In a panel of census tracts across large cities in the postwar United States, we compare tracts subjected to...

With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income, and wealth are three key drivers of these different...

We make two main contributions to the literature on work-related injury risk and economic outcomes in the context of American professional football. One is to examine an increasingly important specific injury, concussions, and compare its subsequent economic effects to those of other types of...

Williams (2022) ties the political participation of Blacks to historical lynchings that occurred in the United States. Her findings document lower Black voter registration rates in southern counties with greater number of historical lynchings. We show that this effect is driven by four outlier...

In this replication study, we revisit the main empirical claims of Hamel and Wilcox-Archuleta's (HW) 2022 study on the impact of daytime racial diversity on White Americans' voting behavior and racial attitudes. HW introduce a novel zip code level measure of racial diversity that accounts for...

We study the impacts of blockbusting, i.e. large-scale racial turnover of urban neighborhoods orchestrated by real estate professionals using aggressive and discriminatory practices. In a panel of census tracts across large cities in the postwar United States, we compare tracts subjected to...