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    Obama, Katrina, and the persistence of racial inequality

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    Date Issued
    2016-06-01
    Publisher Version
    10.1017/S0022050716000590
    Author(s)
    Margo, Robert A.
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    Permanent Link
    https://hdl.handle.net/2144/34361
    Version
    Accepted manuscript
    Citation (published version)
    Robert A Margo. 2016. "Obama, Katrina, and the Persistence of Racial Inequality." JOURNAL OF ECONOMIC HISTORY, Volume 76, Issue 2, pp. 301 - 341 (41). https://doi.org/10.1017/S0022050716000590
    Abstract
    New benchmark estimates of Black-White income ratios for 1870, 1900, and 1940 are combined with standard post-World War census data. The resulting time series reveals that the pace of racial income convergence has generally been steady but slow, quickening only during the 1940s and the modern Civil Rights era. I explore the interpretation of the time series with a model of intergenerational transmission of inequality in which racial differences in causal factors that determine income are very large just after the Civil War and which erode slowly across subsequent generations.
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    • CAS: Economics: Scholarly Papers [129]
    • BU Open Access Articles [2281]


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