Racial Segregation in Housing Markets and the Erosion of Black Wealth

@article{Akbar2019RacialSI,
  title={Racial Segregation in Housing Markets and the Erosion of Black Wealth},
  author={Prottoy A. Akbar and Sijie Li and Allison Shertzer and Randall Walsh},
  journal={ERN: Urban Markets (Topic)},
  year={2019}
}
Housing is the most important asset for the vast majority of American households and a key driver of racial disparities in wealth. This paper studies how residential segregation by race eroded black wealth in prewar urban areas. Using a novel sample of matched addresses from prewar American cities, we find that over a single decade rental prices soared by roughly 50 percent on city blocks that transitioned from all white to majority black. Meanwhile, pioneering black families paid a 28 percent… 
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