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Sean E. Mulholland

In: 21st Century Economics: A Reference Handbook

Chapter 55: Economics and Race

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Economics and Race
Economics and race

Race is a construction of society. These small, observable differences, often in pigmentation and physical characteristics, have, throughout time, played a role in defining and reinforcing other less easily observed differences. This is true both across groups and within groups. However, even using the term groups may be misleading. This spectrum of observable differences has two important consequences. First, unique individuals that may have little else in common are grouped as similar by others. Second, by being treated as a member of said group, one's own identity of self is altered. This chapter first looks at socioeconomic measures for those defined as members of certain racial groups. Traditional measures such as earnings, education, and segregation present the reader with foundational ...

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