A theory of wealth accumulation differences considering modern net savings gradualism the impact of unresolved long run differences in wealth accumulation on the annualized net savings in the USA

Abstract

Abstract. In other words, for those who monitor relative wealth accumulation and are unmoved by divine empathy, a disincentive to increase the rate of full manumission is possible. Consider slavery as overt, formal constraints to zero or even negative wealth accumulation; and consider freedom of ex-slaves as the perception of overt lack of formal wealth constraints and yet the possibility of covert, hidden or informal constrained wealth accumulation controls (i.e. southern Jim Crow laws); and finally, consider full manumission as the uninhibited opportunity to accumulate wealth at rates of entities without a history of slavery or with a more limited history of slavery. This definition of full manumission probably includes the necessity of wealth transfers to the fully manumitted ex-slave in transition from slavery or free ex-slave to full manumission. Nevertheless, this negatively bounded correlation between duration of time from the end of enslavement and magnitude of unexplained differences in wealth suggests the magnitude in the unexplained portion of white-black wealth differences increases as the length of time from the real end of enslavement decreases.

Keywords. Slavery, Wealth, Inequity, Faith.

JEL. A23, C61, D31, D63.