Being Black, Living in the Red: Race, Wealth, and Social Policy in America / Edition 2

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Overview


Being Black, Living in the Red demonstrates that many differences between blacks and whites stem not from race but from economic inequalities that have accumulated over the course of American history. Property ownership—as measured by net worth—reflects this legacy of economic oppression. The racial discrepancy in wealth holdings leads to advantages for whites in the form of better schools, more desirable residences, higher wages, and more opportunities to save, invest, and thereby further their economic advantages. A new afterword by the author summarizes Conley’s recent research on racial differences in wealth mobility and security and discusses potential policy solutions to the racial asset gap and America’s low savings rate more generally.
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What People Are Saying

William Julius Wilson
This carefully written and meticulous book not only provides a compelling explanation of the black-white wealth differential, it also represents the best contributionto the race-class debate in the past two decades.
— Author of The Bridge over the Racial Divide
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Product Details

  • ISBN-13: 9780520261303
  • Publisher: University of California Press
  • Publication date: 12/10/2009
  • Edition description: New Edition
  • Edition number: 2
  • Pages: 240
  • Sales rank: 215,049
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.70 (d)

Meet the Author


Dalton Conley is University Professor, Chair of Sociology, and Acting Dean of Social Sciences at New York University. He is also Research Associate at the National Bureau of Economic Research and Adjunct Professor of Community Medicine at Mt.Sinai School of Medicine.
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Table of Contents

Acknowledgments
1 Wealth Matters 1
2 Forty Acres and a Mule: Historical and Contemporary Obstacles to Black Property Accumulation 25
3 From Financial to Social to Human Capital: Assets and Education 55
4 Up the Down Escalator: Wealth, Work, and Wages 83
5 It Takes a Village? Premarital Childbearing and Welfare Dependency 109
6 Getting into the Black: Conclusions and Policy Implications 133
Appendix 153
Notes 181
Index 203
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