The Economics of Race in the United States

The Economics of Race in the United States

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Brendan Oa€™Flaherty brings the tools of economic analysisa€”incentives, equilibrium, optimizationa€”to bear on racial issues. From health care, housing, and education, to employment, wealth, and crime, he shows how racial differences powerfully determine American lives, and how progress in one area is often constrained by diminishing returns in another.Mortgages to buy houses rose 30 percent a year in low creditscore neighborhoods from 2002 to 2005 but only 11 percent ... was falling in low creditscore neighborhoods and rising in high creditscore neighborhoods (Mian and Sufi 2014, 79). The Housing Bubble Largely as a result of the credit boom, house prices rose sharply at the beginning of the twentyfirst century, especially in the low creditscore zipanbsp;...

Title:The Economics of Race in the United States
Author: Brendan O'Flaherty
Publisher:Harvard University Press - 2015-06-08

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