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The Incarceration Penalty and Black-White Economic Inequality: The Case of Baltimore

By Lauren Russell, Jorge N. Zumaeta, Aaron Colston, and William A. Darity Jr.

AEA Papers and Proceedings, May 2023

This paper investigates income and wealth gaps by household incarceration history within and across racial groups using the Blinder-Oaxaca decomposition. We study this in the context of 2017 Baltimore. We find that households exposed to incarceration have...

Reputation and Partial Default

By Manuel Amador and Christopher Phelan

American Economic Review: Insights, June 2023

This paper presents a continuous-time reputation model of sovereign debt allowing for both varying levels of partial default and full default. In it, a government can be a nonstrategic commitment type or a strategic opportunistic type, and a government's ...