Margo, Robert A.2019-03-252019-03-252016-06-01Robert 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/S00220507160005900022-05071471-6372https://hdl.handle.net/2144/34361New 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.p. 301 - 341en-USSocial sciencesArts & humanitiesEconomicsHistoryHistory of social sciencesBusiness & economicsDistinctively black namesUnited StatesIntergenerational mobilityEducational attainmentGreat MigrationSouthern blacksEconomic statusAmerican SouthHome ownershipActing whiteApplied economicsHistory and philosophy of specific fieldsHistory of social sciencesArticle10.1017/S0022050716000590