EconPapers    
Economics at your fingertips  
 

Club convergence of per capita disposable income in the United States

Stilianos Alexiadis, Konstantinos Eleftheriou and Peter Nijkamp

Regional Science Policy & Practice, 2021, vol. 13, issue 5, 1565-1580

Abstract: This paper examines the long‐run trends in per‐capita income across the US states (1995–2018). Contrary to the majority of the literature on income convergence, which uses pre‐tax income as the variable of reference, we focus on per‐capita disposable household income. This enables us to better identify any convergence pattern. We apply the Phillips and Sul (2007, 2009) convergence methodology to check the existence of club convergence across the United States and within the Bureau of Economic Analysis (BEA) regions. Our findings confirm the club convergence hypothesis and highlight the role of tax policy in reducing regional disparities.

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.1111/rsp3.12443

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:rgscpp:v:13:y:2021:i:5:p:1565-1580

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1757-7802

Access Statistics for this article

More articles in Regional Science Policy & Practice from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2025-03-22
Handle: RePEc:bla:rgscpp:v:13:y:2021:i:5:p:1565-1580