Black and White Wealth Inequality

Paper Summary:

The paper examines the differences in the savings patterns, wealth accumulation and home ownership between black and white individuals and explores through a literature review the social policies or solutions that have been historically focused on the inequality of wealth between blacks and whites. The paper finds that policy reform has been successful in some areas, however, there are still many barriers to home ownership and equal wages in the workplace for minority workers.

Outline:
Introduction
Purpose of Study
Significance of Study
Methodology
Literature Review
Findings of Study
Conclusion
Recommendations

From the Paper:

"The work of Freeman and Hamilton entitled: "The Changing Determinants of Inter-racial Home Ownership Disparities: New York City in the 1990s" relates that a significant change in policy concerning home ownership took place in the 1990s toward reduction of the disparities relating to home ownership between white individual and those of minority races. Specifically stated in the work of Freeman and Hamilton is that home ownership "has long been symbolic of the American dream, but for many non-whites, home ownership has been a dream deferred." (2004) Evidence of this, according to Freeman and Hamilton, may be seen in the existing gaps in home ownership differences between whites and non-whites. "

Sample of Sources Used:

• Freeman, Lance (2004) The Changing Determinants of Inter-Racial Home Ownership Disparities: New York City in the 1990s. Housing Studies. 1 May 2004.
• Gittleman, Maury and Wolff, Edward N. (2004) Racial Differences in Patterns of Wealth Accumulation. The Journal of Human Resources. Issue 39 Vol. 1
• Goldsmith, Arthur H.; Hamilton, Darrick; and Darity, William Jr. (2007) From Dark to Light: Skin Color and Wages Among African-Americans. The Journal of Human Resources.
• Holzer, Harry and Neumark, David (2000) Assessing Affirmative Action. Journal of Economic Literature Vol. 38. No. 3 September 2000.
• Darity, William Jr. (2000) Affirmative Action in Comparative Perspective: Strategies to Combat Ethnic and Racial Exclusion Internationally. 21 Sept 2005.

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