The wealth gap between African-American and White households has persisted for decades, prompting policymakers and experts to suggest several large-scale interventions. We evaluate the possible impact of five such proposals on the Black-White wealth gap. These interventions include debt-free college, baby bonds, civil rights enforcement in housing markets, credit market regulations enforcement, and a national retirement savings plan. Using simulations anchored in data and the existing literature, we conclude that baby bonds would have the single largest effect. But a large wealth gap would remain, even if all five proposals were promptly enacted. Only targeted cash or liquid asset transfers to African-Americans can overcome the persistent wealth difference with White households.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.