<a href="https://archive.ph/Ms4vy" rel="nofollow">https://archive.ph/Ms4vy</a><p>See also: <a href="https://www.federalreserve.gov/econres/feds/files/2023007pap.pdf" rel="nofollow">https://www.federalreserve.gov/econres/feds/files/2023007pap...</a><p>> We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer, and high to low minority areas, widening existing disparities.