Summary of Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle
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Economic inequality has persisted in the United States for a very long time, and major disparities remain. Blacks and Hispanics experience the effects of economic downturns to a greater degree than other demographic groups, economists Tomaz Cajner, Tyler Radler, David Ratner and Ivan Vidangos explain in this technical analysis of job data spanning several decades. Their scholarly report offers no quick fixes, but it does recognize that, while identifying the problem may be one thing, rectifying it is another. getAbstract suggests this highly detailed and dense read to economists, hiring managers, analysts and policy experts.
In this summary, you will learn
- How race influences employment in the United States;
- What the data reveal about work disparities among blacks, Hispanics and whites; and
- What may explain the differences.
About the Authors
Tomaz Cajner, Tyler Radler, David Ratner and Ivan Vidangos are with the Federal Reserve Board.