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The Racial Wealth Gap: Why Policy Matters

by Amy Traub; Catherine Ruetschlin; Lars Dietrich; Laura Sullivan; Tatjana Meschede; Thomas Shapiro

Jun 21, 2016
  • Race and Ethnicity

  • DESCRIPTION

As the United States rapidly becomes both a more diverse and unequal nation, policymakers face the urgent challenge of confronting growing wealth gaps by race and ethnicity. To create a more equitable and secure future, we must shift away from public policies that fuel and exacerbate racial disparities in wealth. But which policies can truly begin to reduce our country's expanding racial divergences?

Until now there has been no systematic analysis of the types of public policies that offer the most potential for reducing the racial wealth gap. This paper pioneers a new tool, the Racial Wealth AuditTM, and uses it to evaluate the impact of housing, education, and labor markets on the wealth gap between white, Black, and Latino households and assesses how far policies that equalize outcomes in these areas could go toward reducing the gap. Drawing on data from the nationally representative Survey of Income and Program Participation (SIPP) collected in 2011, the analysis tests how current racial disparities in wealth would be projected to change if key contributing factors to the racial wealth gap were equalized. 

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The Racial Wealth Gap: Why Policy Matters

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Published By

  • Demos
  • Institute on Assets and Social Policy, The Heller School for Social Policy and Management at Brandeis University

Copyright

  • Copyright 2016 by Demos. All rights reserved.

Document Type

  • Report/Whitepaper

Language

  • English

Geography

  • North America / United States
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Title: The Racial Wealth Gap: Why Policy Matters
Publication date 2016-06-21
Publication Year 2016
Authors Amy Traub , Catherine Ruetschlin , Lars Dietrich , Laura Sullivan , Tatjana Meschede , Thomas Shapiro
Copyright holder(s) Demos , Institute on Assets and Social Policy, The Heller School for Social Policy and Management at Brandeis University
Geographical Focus North America / United States
Keywords wealth , black and latino , homeownership , white households , gap
Document type Report/Whitepaper
Language English
URL: https://www.issuelab.org/resource/the-racial-wealth-gap-why-policy-matters.html
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