Pat Bayer, Duke University economist, will present "Racial Capital."
- Monday, March 9, 2020 from 3:15pm to 4:45pm
- Linfield Hall, 406 - view map
Pat Bayer, professor of economics at Duke University, will present "Racial Capital" as the next installment in the DAEE Academic Research Seminar Series. The lecture will be held from 3:15-4:45 p.m. Monday, March 9, in Linfield Hall, Room 406.
The paper explores the idea that in segregated cities, what matters for intergenerational mobility is not only one’s own parents' resources, but also those of one’s broader racial group.
Preliminary results of the research are based on examining education and labor market outcomes for black and white young adults in the same metro area. Raw outcomes are worse for black young adults across the board, but once the researchers control for measures of human and financial capital of older adults in the same racial group in the same metro area, the signs actually reverse for education outcomes for both men and women and for labor market outcomes for women.
The researchers take this as strong evidence that generational resource differences (coupled with severe segregation) rather than something distinct about black culture is the primary driver of the glacial speed of racial economic convergence in the United States.
- Agricultural Economics and Economics