Hugh O. Nourse

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www.philadelphiafed.org Bob DeFina is a professor at Villanova University and a visiting scholar in the Philadelphia Fed’s Research Department. This article is available free of charge at www.philadelphiafed.org/econ/br/. 1 See especially Yinger’s 1995 study. To a lesser extent, racial differences in wealth and income have also been implicated. That is,(More)
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