A COMPARISON OF LIVING STANDARDS ACROSS THE UNITED STATES OF AMERICA
Elena Falcettoni and
Vegard M. Nygaard
International Economic Review, 2023, vol. 64, issue 2, 511-542
Abstract:
We use an expected utility model to examine how living standards, or welfare, vary across the United States and how each state's welfare has evolved over time, accounting for cross‐state variations in mortality, consumption, education, leisure, and inequality. We find considerable cross‐state heterogeneity in welfare levels. This is robust to allowing for endogenous interstate migration and to computing welfare conditional on education, gender, and race. Although states experienced heterogeneous welfare growth rates between 1999 and 2015 (1.68–3.73% per year), there is no evidence of convergence in welfare levels, including during the subperiods preceding and following the Great Recession.
Date: 2023
References: Add references at CitEc
Citations: View citations in EconPapers (1)
Downloads: (external link)
https://doi.org/10.1111/iere.12604
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:wly:iecrev:v:64:y:2023:i:2:p:511-542
Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0020-6598
subscrip@blackwellpub.com
Access Statistics for this article
International Economic Review is currently edited by Michael O'Riordan and Dirk Krueger
More articles in International Economic Review from Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297. Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery (contentdelivery@wiley.com).