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来源类型Working Paper
规范类型报告
DOI10.3386/w29539
来源IDWorking Paper 29539
Race and Economic Well-Being in the United States
Jean-Felix Brouillette; Charles I. Jones; Peter J. Klenow
发表日期2021-12-06
出版年2021
语种英语
摘要We construct a measure of consumption-equivalent welfare for Black and White Americans. Our statistic incorporates life expectancy, consumption, leisure, and inequality, with mortality rates playing a key role quantitatively. According to our estimates, welfare for Black Americans was 43% of that for White Americans in 1984 and rose to 60% by 2019. Going back further in time (albeit with more limited data), the gap was even larger, with Black welfare equal to just 28% of White welfare in 1940. On the one hand, there has been remarkable progress for Black Americans: the level of their consumption-equivalent welfare increased by a factor of 28 between 1940 and 2019, when aggregate consumption per person rose a more modest 5-fold. On the other hand, despite this remarkable progress, the welfare gap in 2019 remains disconcertingly large. Mortality from COVID-19 has temporarily reversed a decade of progress, lowering Black welfare by 17% while reducing White welfare by 10%.
主题Health, Education, and Welfare ; Poverty and Wellbeing ; Labor Economics ; Demography and Aging ; Development and Growth ; Growth and Productivity ; COVID-19
URLhttps://www.nber.org/papers/w29539
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/587213
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GB/T 7714
Jean-Felix Brouillette,Charles I. Jones,Peter J. Klenow. Race and Economic Well-Being in the United States. 2021.
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