Summary of Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

Racial Gaps in Labor Market Outcomes in the Last Four Decades and over the Business Cycle summary
Start getting smarter:
or see our plans

Rating

8 Overall

9 Importance

8 Innovation

7 Style


Recommendation

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.

 

Summary

Economic inequality has remained consistently profound for blacks and Hispanics in the United States. Blacks have continued to experience much greater and more cyclical unemployment over time than whites. Hispanics have as well, but to a much lesser degree: Hispanics’ joblessness seems to be largely due to lower educational achievement, particularly for those born outside the United States.


More on this topic

Customers who read this summary also read

Recent Trends in Wealth-Holding by Race and Ethnicity
Recent Trends in Wealth-Holding by Race and Ethnicity
7
Thirteen Facts about Wage Growth
Thirteen Facts about Wage Growth
8
Shedding Light on Our Economic and Financial Lives
Shedding Light on Our Economic and Financial Lives
7
Contingent and Alternative Employment Arrangements
Contingent and Alternative Employment Arrangements
7
Dynamism in Retreat
Dynamism in Retreat
9
Monetary Policy’s Role in Fostering Sustainable Growth
Monetary Policy’s Role in Fostering Sustainable Growth
9

Related Channels

Comment on this summary