Convergence in State Nominal and Real Per Capita Income: Empirical Evidence

Oded Izraeli and Kevin Murphy
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Oded Izraeli: Oakland University
Kevin Murphy: Oakland University

Public Finance Review, 1997, vol. 25, issue 6, 555-576

Abstract: This article examines convergence in per capita personal income among the 50 states from 1960 to 1991. Evidence presented in previous studies is mixed concerning whether convergence took place during the period in question. By allowing for differences in cost of living across states, however, the authors find that convergence took place throughout the entire period studied.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:25:y:1997:i:6:p:555-576

DOI: 10.1177/109114219702500601

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