Hamilton

Darrick Hamilton

Associate Professor of Economics and Director of the Milano School of International Affairs, Management, and Urban Policy, The New School for Social Research
Areas of Expertise:
  • Antipoverty Policy
  • Inequality & the Middle Class
  • Cities & Regions
  • Race & Ethnicity

Connect with Darrick

About Darrick

Hamilton's work focuses on the causes, consequences and remedies of racial and ethnic inequality in economic and health outcomes, which includes an examination of the intersection of identity, racism, colorism, and socioeconomic outcomes. He has authored numerous scholarly articles on socioeconomic stratification in education, marriage, wealth, homeownership, health (including mental health), and labor market outcomes.

Briefs

Why the U.S. Federal Government Needs to Guarantee Jobs for All Willing Workers

  • Mark Paul
  • Darrick Hamilton

Podcast

Publications

"Race, Wealth and Incarceration: Results from the National Longitudinal Survey of Youth" (with Darrick Hamilton and Khaing Zaw). Race and Social Problems 8, no. 1 (2016): 103-115.

Examines data on race and wealth status before and after incarceration to find that, although higher levels of wealth were associated with lower rates of incarceration, the likelihood of future incarceration still was higher for blacks at every level of wealth compared to the white likelihood. Further, finds that racial wealth gaps existed among those who would be incarcerated in the future and also among the previously incarcerated.

"The Political Economy of Education, Financial Literacy, and the Racial Wealth Gap" (with Darrick Hamilton). Federal Reserve Bank of St. Louis Review 99, no. 1 (2017): 59-76.

Examines the mismatch between the political discourse around individual agency, education, and financial literacy, and the actual racial wealth gap. The authors argue that the racial wealth gap is rooted in socioeconomic and political structure barriers rather than a disdain for or underachievement in education or financial literacy on the part of Black Americans, as might be suggested by the conventional wisdom. Also, the article presents a stratification economic lens as an alternative to the conventional wisdom to better understand why the racial wealth gap persists.

"Wealth Inequalities in Greater Boston: Do Race and Ethnicity Matter?," (with Darrick Hamilton, Tatjana Meshede, Ana Patricia Muñoz, and Regine Jackson), Federal Reserve Bank of Boston, 2016.

Assesses new data from the Boston metropolitan statistical area as part of the National Asset Scorecard for Communities of Color (NASCC) survey to provide detailed information on financial assets that allow analysis to extend beyond the tradition black-white divide.  The findings underscore the large racial and ethnic disparities in financial wealth, and indicate the need for wealth building opportunities in communities of color and further investigation of the causes and consequences of financial disparities between groups of color disaggregated by ancestral origin.

"The Color of Wealth in the Nation's Capital," (with Mark Paul, Darrick Hamilton, Kilolo Kijakazi, Rachel Marie Brooks Atkins, and Anne E. Price), The Urban Institute, The New School, and the Insight Center for Community Economic Development, 2017.

Explores racial and ethnic differences in net worth, focusing on Black families in Washington, DC, and shows, through a chronicle of their history in the city, how discrimination and systemic racism contributed to today's wealth gap in the nation's capital. 

In the News

William Darity Jr.'s research on black-white wealth gap discussed in Noah SmithWilliam Darity Jr. (with Darrick Hamilton), "How to Reduce the Black-White Wealth Gap," Bloomberg View, April 23, 2018.
William Darity Jr. quoted on a federal jobs guarantee in Dylan Matthews, "Cory Booker’s New Big Idea: Guaranteeing Jobs for Everyone Who Wants One" Vox, April 20, 2018.
William Darity Jr.'s research on Jamelle BouieWilliam Darity Jr. (with Darrick Hamilton), "Mind the Gap," Slate, April 20, 2018.
William Darity Jr. quoted on homeownership and racial wealth inequality in Tanvi Misra, "Does Homeownership Really 'Drive' the Black-White Wealth Gap?" City Lab, April 20, 2018.
William Darity Jr. quoted on racial wealth inequality in Ann Brown, "Is It Possible to Close the Wealth Gap? Only If People Stop Believing Black Folk Just Need to Try Harder" Madamenoire, April 19, 2018.
William Darity Jr. quoted on reducing the racial wealth gap in Eshe Nelson, "Greater Homeownership isn’t the Answer to Ending Wealth Inequality" Quartz, April 19, 2018.
Darrick Hamilton quoted on corporate racism and racial profiling in Sam Fulwood III, "The Implicit Bias of Starbucks’ Implicit Bias Training" Think Progress, April 18, 2018.
William Darity Jr.'s research on Antonio MooreWilliam Darity Jr. (with Darrick Hamilton), "What We Get Wrong about Closing the Racial Wealth Gap," Fortune, April 16, 2018.
"Race Still Trumps Class for Black Americans," Darrick Hamilton (with Jennifer Cohen), The Guardian, March 27, 2018.
Darrick Hamilton quoted in Angela Helm, "Robert Johnson Capes for Trump over Black Unemployment Numbers (or Something)" The Root, April 7, 2018.
Darrick Hamilton quoted in Jeff Stein, "How 12 Experts Would End Inequality If They Ran America" The Washington Post, April 6, 2018.
Darrick Hamilton quoted in Tracy Jan, "America’s First Black Billionaire Says Trump Economy Has Been Good for African Americans" The Washington Post, April 7, 2018.
Darrick Hamilton quoted in Charlie May, "Michael Moore Blasts 'Corporate Media' for Only Talking about 'Russia, Russia, Russia'" Alternet, March 22, 2018.
Darrick Hamilton quoted in Stephanie Curtis and Elizabeth Shockman, "Why are the Economic Odds Stacked against Black Men?" MPR News, March 21, 2018.
Darrick Hamilton quoted , "Bernie Sanders Hosts a Town Hall on Inequality" The Guardian, March 21, 2018.
Darrick Hamilton's research on closing the wealth gap discussed in "Could the Wealth Gap be Closed by Giving Babies $50,000? Some Economists Think So," CBC Radio, January 24, 2018.
Darrick Hamilton quoted in James Dennin, "Does Free Money Make People Lazy? Why the Case for a Universal Basic Income is Getting Stronger." Mic: The Payoff, February 21, 2018.
"Make Every Child a Trust Fund Baby," William Darity Jr. (with Darrick Hamilton), The News & Observer, January 18, 2018.
Darrick Hamilton quoted in Chris Weller, "Some Economists Want the US Government to Put Up to $50,000 in 'Baby Bond' Bank Accounts" Insider, January 10, 2018.
William Darity Jr. quoted in Heather Long, "Black Unemployment Falls to Lowest Level on Record" Washington Post, January 5, 2018.
William Darity Jr. quoted in Vann R. Newkirk II, "Instead of Work Requirements, Why Not a Jobs Guarantee?" The Atlantic, January 14, 2018.
William Darity Jr.'s research on Brad WilliamsWilliam Darity Jr. (with Darrick Hamilton), "This Proposal Would Give an Average of $20000 to Every Baby Born in the US," The Kansas City Star, January 11, 2018.
Darrick Hamilton quoted in Heather Long, "Black Unemployment Falls to Lowest Level on Record" Richmond Times-Dispatch, January 10, 2018.
on All Things Considered National Public Radio, William Darity Jr. (with Darrick Hamilton and John Ydstie), January 9, 2018.
William Darity Jr.'s research on universal trusts for US children discussed in Heather LongWilliam Darity Jr. (with Darrick Hamilton), "There's a Serious Proposal to Give Babies Born in the United States $20,000 (or More)," Chicago Tribune, January 9, 2018.
William Darity Jr.'s research on Heather LongWilliam Darity Jr. (with Darrick Hamilton), "There's a Serious Proposal to Give Babies Born in the United States $20000 (or More)," Washington Post, January 8, 2018.
William Darity Jr. quoted on a federal job guarantee in Annie Lowrey, "Should the Government Guarantee Everyone a Job?" The Atlantic, May 17, 2017.
"The Federal Job Guarantee: A Step Towards Racial Justice," Darrick Hamilton, Dissent Magazine, November 7, 2015.
Darrick Hamilton's research on racial disparities in Washington, DC discussed in Elizabeth ChangDarrick Hamilton, "What Race Tells Us about Net Worth in Washington," Washington Post, November 28, 2016.
William Darity Jr.'s research on spreading the benefits of asset-ownership to all Americans discussed in Lynn ParramoreWilliam Darity Jr. (with Darrick Hamilton), "Baby Bonds: A Plan for Black/White Wealth Equality Conservatives Could Love?," Institute for New Economic Thinking, October 25, 2016.
"Why Black Colleges and Universities Still Matter," William Darity Jr. (with Darrick Hamilton, Tressie McMillan Cottom, Alan A. Aja, and Carolyn Ash), The American Prospect, November 9, 2015.
William Darity Jr.'s research on racial disparities in family wealth discussed in Victor RayWilliam Darity Jr. (with Darrick Hamilton), "The Racialization of Academic Funding," Inside HigherEd, February 10, 2017.
"Why We Need a Federal Job Guarantee," William Darity Jr. (with Mark Paul and Darrick Hamilton), Jacobin Magazine, Jacobin Magazine, February 4, 2017.