INTERSTATE INCOME INEQUALITY IN THE UNITED STATES: MEASUREMENT, MODELLING AND SOME CHARACTERISTICS

INTERSTATE INCOME INEQUALITY IN THE UNITED STATES: MEASUREMENT, MODELLING AND SOME CHARACTERISTICS Five points are made in this study. First, using a well‐recommended measure, interstate income inequality is reported for each year from 1950 through 1989, and its very small magnitude is pointed out along with the U‐shaped profile. Second, it is shown that a simple quadratic‐form model fits the data extremely well. Third, inequality indices for 1977 and 1988 are recomputed after adjusting for interstate price‐level variations, and large reductions in the indices, and a virtual disappearance of the increase in inequality after 1978, are noted. Fourth, a simple decomposition shows that income changes account for most of the inequality change in each decade. Last, states that have contributed most to inequality are identified. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Income and Wealth Wiley

INTERSTATE INCOME INEQUALITY IN THE UNITED STATES: MEASUREMENT, MODELLING AND SOME CHARACTERISTICS

Review of Income and Wealth, Volume 38 (1) – Mar 1, 1992

Loading next page...
 
/lp/wiley/interstate-income-inequality-in-the-united-states-measurement-7jwJ0710b6
Publisher
Wiley
Copyright
Copyright © 1992 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0034-6586
eISSN
1475-4991
D.O.I.
10.1111/j.1475-4991.1992.tb00400.x
Publisher site
See Article on Publisher Site

Abstract

Five points are made in this study. First, using a well‐recommended measure, interstate income inequality is reported for each year from 1950 through 1989, and its very small magnitude is pointed out along with the U‐shaped profile. Second, it is shown that a simple quadratic‐form model fits the data extremely well. Third, inequality indices for 1977 and 1988 are recomputed after adjusting for interstate price‐level variations, and large reductions in the indices, and a virtual disappearance of the increase in inequality after 1978, are noted. Fourth, a simple decomposition shows that income changes account for most of the inequality change in each decade. Last, states that have contributed most to inequality are identified.

Journal

Review of Income and WealthWiley

Published: Mar 1, 1992

References

  • Inequality Decomposition: Three Bad Measures
    Cowell, Cowell
  • Measuring Cost of Living Variation
    McMahon, McMahon; Melton, Melton
  • Industrialization and Income Inequality: Recent United States Experience
    Smolensky, Smolensky

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off