The Political Economy of Education, Financial Literacy, and the Racial Wealth Gap

@article{Hamilton2017ThePE,
  title={The Political Economy of Education, Financial Literacy, and the Racial Wealth Gap},
  author={Darrick Hamilton and William A. Darity},
  journal={Econometric Modeling: Macroeconomics eJournal},
  year={2017}
}
This article examines the mismatch between the political discourse around individual agency, education, and financial literacy, and the actual racial wealth gap. The authors argue that the racial wealth gap is rooted in socioeconomic and political structure barriers rather than a disdain for or underachievement in education or financial literacy on the part of Black Americans, as might be suggested by the conventional wisdom. Also, the article presents a stratification economic lens as an… 
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It is found that Americans, on average, systematically overestimate the extent to which society has progressed toward racial economic equality, driven largely by overestimates of current racial equality.
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