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Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle
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Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle

Tomaz Cajner, Tyler Radler, David Ratner and Ivan Vidangos
Federal Reserve Board, 2017
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Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening
  • For Experts

Recommendation

Economic inequality has persisted in the United States for a very long time, and major disparities remain. Blacks and Hispanics experience the effects of economic downturns to a greater degree than other demographic groups, economists Tomaz Cajner, Tyler Radler, David Ratner and Ivan Vidangos explain in this technical analysis of job data spanning several decades. Their scholarly report offers no quick fixes, but it does recognize that, while identifying the problem may be one thing, rectifying it is another. getAbstract suggests this highly detailed and dense read to economists, hiring managers, analysts and policy experts.

Take-Aways

  • The employment experiences of blacks and Hispanics in the United States have shown marked differences relative to the experiences of whites.
  • Hispanics’ higher level of joblessness seems to be largely due to lower educational achievement, particularly for those born outside the United States.
  • One obstacle to blacks’ greater participation in the workforce is the incarceration rate for black men, which greatly outstrips the prison rates for white and Hispanic men.

About the Authors

Tomaz Cajner, Tyler Radler, David Ratner and Ivan Vidangos are with the Federal Reserve Board.

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