Sub-prime mortgages were supposed to put an end to segregated neighbourhoods by allowing affordable housing to more people. But a new study shows that better access to mortgages leads to more - not less - racial segregation
With the election of Barack Obama as President of the USA, it is easy to believe that America has entered a post-racial era, where race relations are no longer a source of contention. But a study by INSEAD Professor of Economics, Amine Ouazad, reveals that while the government has taken active measures to increase racial integration in the country, market forces often lead to segregation.
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