Leah Boustan's research cited in The New Yorker: "What We Miss When We Talk About the Racial Wealth Gap"

The New Yorker
...In a review of HOLC [historic mortgage redlining] maps across seven cities, the urbanologist Alan Mallach found that, at the time they were drawn, the vast majority of residents of redlined areas were white ethnics. These communities faced discrimination and hardship, yet many of their children outpaced their parents economically. Recent work by the economists Leah Boustan and Ran Abramitzky shows that this pattern of upward mobility continues among the children of immigrants today, including those from poor countries like Guatemala and El Salvador. The contrast is telling. In 2007, Black and Hispanic families had roughly the same levels of median wealth. Fifteen years later, Hispanic wealth had doubled; Black wealth had risen by only half.