Trends in Economic Inequality: Are U.S. states growing apart?

Edmond Berisha (), Ram Dubey (), John Meszaros () and Eric Olson ()
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Edmond Berisha: Montclair State University
John Meszaros: United States Post Office
Eric Olson: The University of Tulsa

Economics Bulletin, 2020, vol. 40, issue 2, 1319-1331

Abstract: Using quarterly real GDP data from 2005 to 2019 for all U. S. states from the Bureau of Economic Analysis, we construct an economic inequality measure which is additively decomposable into within and between-region inequality. We find increases in economic disparity in terms of total real GDP across the states. The results show that states belonging to the South and West regions are growing apart, contributing significantly toward the level of total economic disparity in the country. However, in terms of per-capita real GDP, economic disparity across states is much smaller. The results emphasize the role of population dynamics in mitigating economic disparity across U. S. states.

Keywords: Decomposition; Economic Inequality; Income Growth; Theil Index (search for similar items in EconPapers)
JEL-codes: D6 O4 (search for similar items in EconPapers)
Date: 2020-05-15
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