Land and Racial Wealth Inequality
利用切罗基民族和美国南部的政策差异,研究发现内战后获得免费土地的前奴隶在1880年财富更高且种族财富差距更小,其子女在1900年仍享有优势。
Could racial wealth inequality have been reduced if freed slaves had been granted land following the Civil War? This paper exploits a plausibly exogenous variation in policies of the Cherokee Nation and southern United States to identify the impact of free land on the size of the racial wealth gap. Using data on land, livestock, and home ownership, I find evidence that former slaves who had access to free land were absolutely wealthier and experienced lower levels of racial wealth inequality in 1880 than former slaves who did not. Furthermore, their children continued to experience these advantages in 1900.