货币政策与种族工资差距
Monetary policy and the racial wage gap
摘要：
本文旨在阐明货币政策冲击与工资不平等之间的关系。我们强调的相关性和工资组之间的不平等，在解释美国总的工资不平等。根据2000-2020年的季度数据，我们的分析表明，种族差异解释了观察到的总工资不平等的12%。随后，我们研究了货币政策在工资不平等中的作用。我们没有发现令人信服的证据表明货币政策在加剧种族工资差距方面发挥了作用。然而，有证据表明，鼓励性货币政策在扩大群体工资不平等方面发挥了作用，但影响发生在2008年之后。
英文摘要：
This paper aims to clarify the relationship between monetary policy shocks and wage inequality. We emphasize the relevance of within and between wage group inequalities in explaining total wage inequality in the United States. Relying on the quarterly data for the period 2000-2020, our analysis shows that racial disparities explain 12\% of observed total wage inequality. Subsequently, we examine the role of monetary policy in wage inequality. We do not find compelling evidence that shows that monetary policy plays a role in exacerbating the racial wage gap. However, there is evidence that accommodative monetary policy plays a role in magnifying between group wage inequalities but the impact occurs after 2008.
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