This project will support a post-doctoral researcher studying disparities in economic outcomes, particularly racial and ethnic disparities in wealth, labor market outcomes, and the impact of economic shocks such as economic downturns or the COVID-19 pandemic. The NBER will offer a post-doctoral research fellowship for an early-career scholar who is studying economic aspects of racial and ethnic disparities in economic outcomes. Each fellowship will be awarded for a one year period. The selection process will include a widely-disseminated call for proposals and review by a panel of experts on racial and ethnic disparities. Fellows will be selected based on their potential to make important contributions to the economic analysis of such disparities. The selection committee will make a concerted effort to identify promising women, and individuals from under-represented groups, who are fellowship candidates.