Jermaine Toney, Ph.D.


Assistant Professor

On Leave 2023-2024

Ph.D., M.Phil. Economics, The New School for Social Research; M.S., Urban Policy Analysis and Management, Milano – The New School for International Affairs, Management and Urban Policy; B.A., Environmental Studies and Peace/Justice Studies, University of St. Thomas 

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Research Interests
  • Applied microeconomics
  • Socioeconomic and racial inequality
  • Wealth and health disparities
  • Demography and family connections


Jermaine Toney, Ph.D. is an Assistant Professor at the Bloustein School. He was selected to receive a 2023-2024 National Bureau of Economic Research (NBER) Fellowship on Racial and Ethnic Disparities in Economic Outcomes. Professor Toney was a member of the 2022-2023 cohort of Early Career Faculty Fellows in the Institute for the Study of Global Racial Justice at Rutgers University. His work has been supported by an Early Career Award (Pipeline Grants Competition) from the Russell Sage Foundation and Bill and Melinda Gates Foundation. Prior to joining the Bloustein School faculty, he was a National Science Foundation Postdoctoral Research Fellow in the Dyson School of Applied Economics and Management at Cornell University. Currently, Professor Toney is a research fellow with the Institute for Behavioral and Household Finance at Cornell University.

Dr. Toney’s research focuses on finance, family, and health. An overarching focus of his research is the distribution and stratification of various socio-economic indicators, such as wealth, income, and education. His current work examines the transmission of socioeconomic status across generations, intergroup experiences in accessing credit and asset markets, analytic approaches to measuring the racial wealth gap, how disparities in health affect a household’s financial marketplace participation. Professor Toney previously taught in the Department of Economics at Queens College, City University of New York.

Complete Curriculum Vitae (C.V.)

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Undergraduate
  • Public Health Economics

View all publications on Google Scholar
Recent Publications

  • Toney, Jermaine and Vicki L. Bogan. “How Extended Family Mental Health Issues Influence Household Portfolio Allocations.” 2023, July. Review of Economics of the Household. https://doi.org/10.1007/s11150-023-09666-6

  • Toney, Jermaine. “Is There Wealth Stability Across Generations in the U.S.? Evidence from Panel Study, 1984-2017.” 2022, July. Contemporary Economic Policy. https://doi.org/10.1111/coep.12581

  • Toney, Jermaine and Darrick Hamilton. “Economic Insecurity in the Family Tree and the Racial Wealth Gap.” 2022, June. Review of Evolutionary Political Economy.  https://doi.org/10.1007/s43253-022-00076-5

  • Toney, Jermaine and Cassandra Robertson. “Intergenerational Economic Mobility and the Racial Wealth Gap.” 2021, May. American Economic Association Papers and Proceedings, 111: 206-210. https://doi.org/10.1257/pandp.20211113
  • Spalter-Roth, Roberta, Jean Shin, Jermaine Toney, Kyle Moore, Ismael Cid-Martinez, Jason Smith, and Amber Kalb. “Raced Organizations and Academic Success.” 2019, April. Sociology of Race and Ethnicity, 5(2): 261-277.  https://doi.org/10.1177/2332649218807951
  • Spalter-Roth, Roberta, Jean Shin, Jermaine Toney, Kyle Moore, Ismael Cid-Martinez, Jason Smith, and Amber Kalb. “Who Climbs the Academic Ladder? Race and Gender Stratification in a World of Whiteness.” 2018, September. Review of Black Political Economy, 45(3): 216-244.  https://doi.org/10.1177/0034644618813667

Areas of Expertise:  Demography; Economics; Health Economics; Housing Finance; Public Health; Social Policy/Inequality and Disparities; Statistical Research Methods