The substantial literature on labour supply, wages, and income, which examines racial inequalities in factor market supply decisions and prices, shows only a portion of the variables that govern the accumulation and storage of assets during the lifetime of black and white households. Recent research have used regression decomposition to evaluate recent data and discovered that over 70% of the wealth disparities between black and white people are still unexplained (See, e.g., Gittleman and Wolff 2000; Altonji, Doraszelski and Segal 2000; and Blau and Graham 1990). Their findings are confined to modern data variance. The literature on economic discrimination benefits from this study's better methodology and historical empirical data. In this paper, James Curtis Jr presents structural regression decompositions, which are modifications of Becker (1957) and Oaxaca (1973) methods; (ii) James Curtis Jr presents a basic empirical test when analysing structural regression decompositions; (iii) James Curtis Jr reports the estimated sources of black-white wealth differences directly before and after emancipation; and (iv) James Curtis Jr presents a basic empirical test when analysing structural regression The breadth and endurance of present black-white wealth disparities have historical roots, according to empirical assessments.
Author(S) Details
Dr. James E. Curtis, Jr.
President, Education Foundation, Director, Internet Graduate Research Institute, USA.
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