Three essays on the racial wealth gap in the Black Belt
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Wealth grants individuals the freedom to seek out opportunities actively (Robeyns, 2011). It also provides the luxury of taking risks and offers a safeguard against financial setbacks (Hamilton, 2020). Notably, disparities in wealth significantly impact individuals' quality of life, as they limit access to opportunities and resources necessary for achieving true freedom (Hamilton, 2020; McIntosh et al., 2020; Zaw et al., 2017). Despite successfully identifying and documenting trends in the racial wealth gap between Black Americans and White Americans, society has yet to fully understand the long-term effects of the legacy of slavery on the capacity of current and future generations to transfer wealth (Aliprantis & Carroll, 2019; Feiveson & Sabelhaus, 2018; Killewald & Bryan, 2018; Kuhn et al., 2020). This lack of comprehension arises from the absence of a consensus regarding the role of wealth in exacerbating the racial wealth gap. To truly grasp the extent of this disparity, society must recognize the need for a new approach to quantifying it, such as Sen's concept of negative resistance. This dissertation, comprising three essays, examines the wealth disparities between Black and White Americans from regional, state, and county perspectives.
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Ph. D.