December 2013 • 28
ENDNOTES
1. Rakesh, Kochhar, Richard Fry and Paul Taylor, Wealth Gaps Rise to Record Highs between Whites, Blacks,
Hispanics. Pew Research Center, July 2011, http://www.pewsocialtrends.org/les/2011/07/SDT-Wealth-
Report_7-26-11_FINAL.pdf.
2. omas Shapiro, Tatjana Meschede, and Sam Osoro, e Roots of the Widening Racial Wealth Gap: Ex-
plaining the Black-White Economic Divide. Institute on Assets and Social Policy, February 2013, http://
iasp.brandeis.edu/pdfs/Author/shapiro-thomas-m/racialwealthgapbrief.pdf.
3. GDP measures from the Bureau of Economic Analysis National Economic Accounts, “Current and ‘Real’
Gross Domestic Product,” http://www.bea.gov/national/. Median Income from US Census Household
Income Historical Tables, “Table H-9. Type of Household--All Races by Median and Mean Income: 1980
to 2011,” http://www.census.gov/hhes/www/income/data/historical/household/.
4. Economic Policy Institute. 2012. “Ratio of Black to White Median Family Income, 1947-2010,”. e State
of Working America. Washington, D.C.: Economic Policy Institute, http://stateofworkingamerica.org/
charts/ratio-of-black-and-hispanic-to-white-median-family-income-1947-2010/.
5. Shapiro,et al.
6. Tim Sullivan, Wanjiku Mwangi, Brian Miller, Dedrick Muhammad, and Colin Harris, “e State of the
Dream, 2012: e Emerging Majority,” United for a Fair Economy, January 12, 2012, http://faireconomy.
org/sites/default/les/2012_State_of_the_Dream.pdf.
7. Austin Nichols and Margaret Simms, “Racial and Ethnic Dierences in Receipt of Unemployment In-
surances Benets During the Great Recession,” e Urban Institute, June 2012, http://www.urban.org/
UploadedPDF/412596-Racial-and-Ethnic-Dierences-in-Receipt-of-Unemployment-Insurance-Bene-
ts-During-the-Great-Recession.pdf.
8. Chad Stone and William Chen, “Introduction to Unemployment Insurance,” Center for Budget and
Policy Priorities, February 6, 2013, http://www.cbpp.org/les/12-19-02ui.pdf.
9. DeNavas-Walt, Carmen, Bernadette D. Proctor, and Jessica C. Smith, U.S. Census Bureau, Current Popu-
lation Reports, P60-243, Income, Poverty, and Health Insurance Coverage in the United States: 2011, Table
A-2, Selected Measures of Household Income Dispersion, U.S. Government Printing Oce, Washington,
DC, 2012, http://www.census.gov/prod/2011pubs/p60-239.pdf.
10. Author’s analysis of 2010 Survey of Consumer Finances public data.
11. Shapiro, et al.
12. Ibid.
13. Ibid.
14. Ibid.
15. Tamara Draut, Robert Hiltonsmith, and Catherine Ruetschlin, “e State of Young America: the Data-
book,” Dēmos, November 2011, http://www.demos.org/sites/default/les/publications/SOYA_eData-
book_2.pdf.
16. Robert W Fairlie and Alicia M Robb, “Why are Black-owned Businesses Less Successful than White-
Owned Businesses? e Role of Families, Inheritances, and Business Human Capital,” Journal of Labor
Economics, vol. 25, no. 2 (April 2007), http://people.ucsc.edu/~rfairlie/papers/published/jole%20
2007%20-%20blackbusiness.pdf.
17. US Census, “Survey Small Business Owners: Black-Owned Businesses 2007,” February 8, 2011, http://
www.census.gov/newsroom/releases/archives/business_ownership/cb11-24.html.
18. US Census 2007 Survey of Business Owners, “Statistics for All U.S. Firms by Industry, Gender, Ethnicity,
and Race for the U.S., States, Metro Areas, Counties, and Places,” http://factnder2.census.gov/faces/
tableservices/jsf/pages/productview.xhtml?pid=SBO_2007_00CSA01&prodType=table.
19. Fairlie and Robb.
20. See, for example, Williams, Vanessa, “Quarterly Lending Bulletin, Small Business Lending: Fourth
Quarter 2012,” Small Business Alliance, January 2013, http://www.sba.gov/sites/default/les/les/
SBL_2012Q4%282%29.pdf. And New York Federal Reserve, “Small Business Credit Survey, May 2013,”
http://www.newyorkfed.org/smallbusiness/2013/pdf/full-report.pdf. And national Federation of Small
Businesses, “Small Business, Credit Access, and a Lingering Recession,” January 2012, http://www.nb.
com/Portals/0/PDF/AllUsers/research/studies/small-business-credit-study-nb-2012.pdf.