Race, Markets, and Social Outcomes

The market power hypothesis, which asserts that racial discrimination and market competition are inversely correlated, is challenged by the essays presented in this text. The essays address a number of important topics - employment, wage inequality and discrimination, health, crime, and housing and credit markets - and answer a series of interrelated questions: Is racism a significant variable in the competitive allocation of market goods and services? What are the limitations of conventional modes of analysis used to explain variation in interracial economic outcomes? Are there any policy innovations that can be derived from recent theoretical and empirical research? This title should serve as a useful reference to anyone studying, teaching or researching the complex interaction among race, institutions, and market and social outcomes. Also, the interdisciplinary nature of the volume should aid graduate study in several academic areas, including economics, sociology, African American studies and urban studies.