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Examining the Black-White Wealth Gap
Report

Examining the Black-White Wealth Gap

Kriston McIntosh, Emily Moss, Ryan Nunn and Jay Shambaugh
Brookings Institution, 2020
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Editorial Rating

7

Qualities

  • Analytical
  • Overview
  • Background

Recommendation

Policy experts Kriston McIntosh, Emily Moss, Ryan Nunn and Jay Shambaugh illustrate how the wealth gap between white and black Americans persists. Their research shows that the intergenerational transfer of wealth carries the greatest weight in explaining the inequity, and they cite potential remedies through reforms to the tax code and changes in public resources. Readers seeking a broad overview of the economic impacts of systemic racism will find this a worthwhile guide. 

Take-Aways

  • Wealth disparities between white and black Americans have persisted over time.
  • The leading contributors to the wealth gap are intergenerational bequests, which are much greater for white families than for black families.
  • Tax and fiscal policy reform can help shrink the gap.

About the Authors

Kriston McIntosh and Emily Moss are Hamilton Project executives at the Brookings Institution, where Jay Shambaugh is a senior fellow. Ryan Nunn is an assistant vice president at the Federal Reserve Bank of Minneapolis.

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