Race, Wealth and Bankruptcy Code Exemptions in Washington DC

Authors

Matthew Adam Bruckner, J.D., Howard University
Raphaël Charron-Chénier, Ph.D., Arizona State University
Jevay Grooms, Ph.D., Howard University

Description

What role do retirement accounts and insurance products play in wealth inequality pre- and post-bankruptcy in Washington, DC, in 2011? This report takes an empirical look at how facially neutral bankruptcy laws may contribute to disparate outcomes for presumed Black/African American and white debtors and may therefore play a role in perpetuating wealth inequality across these groups.

Report

Race, Wealth and Bankruptcy Code Exemptions in Washington, DC

Suggested citation: Bruckner, M.A., R. Charron-Chénier, J. Grooms. Race, Wealth and Bankruptcy Code Exemptions in Washington DC. Society of Actuaries Research Institute, April 2022.

Podcast

Research Insights - Race, Wealth and Bankruptcy Code Exemptions in Washington, DC.

Acknowledgments

The Society of Actuaries Research Institute thanks the Project Oversight Group for their input and guidance during the project and on the report.

Brian Bayerle, FSA, MAAA
Patrick Fillmore, FCAS
Robert M. Gomez, FSA, CERA, MAAA
Andrew Melnyk, PhD
Colin M. Ramsay, ASA, MAAA, PhD
Anna M. Rappaport, FSA, MAAA
John W. Robinson, FSA, FCA, MAAA

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