4 days ago
Kerwin Kofi Charles, is the Steans Family Professor in the Harris School and a research associate at the National Bureau of Economic Research.
|A recent study in the Journal of Political Economy sheds light on the role racial prejudice plays in the wage gap between whites and blacks in the U.S.|
Prejudice accounts for approximately one-quarter of the racial wage gap, costing a black worker up to $115,000 over a lifetime depending upon where he or she lives, according to study authors Kerwin Kofi Charles from the Harris School of Public Policy Studies at the University of Chicago and Jonathan Guryan from Chicago's Booth School of Business.
|"Though prejudice explains only a minority—albeit a significant one—of the black-white wage gap, the costs borne by blacks ... are large," the researchers write. "Consider an 18-year-old black male choosing between two states…. Our estimates imply that if he lives in Florida rather than Massachusetts … the net present value of his [lifetime] earnings will be about $34,000 smaller. If he lives in Mississippi rather than Wisconsin … his discounted earnings are about $115,000 smaller."|
Jonathan Guryan, is a faculty research fellow for the National Bureau of Economic Research and a faculty affiliate for the Population Research Center.
Posted by sookietex at 6:27 PM || ||