Per capita Industry Income Disparities in the United States
The results of this paper show that per capita income disparities rose in the U.S. in the last twenty years. We calculated per capita income by major components and industry sectors to account for the disparities. The Wage and Salary Disbursements and the Dividend, Interest, and Rental Income of Persons contribute to increased income disparities while the Transfer Income and Other Labor Income components ameliorate income disparities. These results, which are consistent with the findings that mushroomed recently in this area, also negate the so-called "inverted U-shaped Kuznets' hypothesis" which suggests deterioration in income disparities in the early stages of economic development and an eventual convergence in per capita incomes at higher stages.
Year of publication: |
2001
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Authors: | Hassan, Seid Y. |
Published in: |
The Journal of Economics. - Missouri Valley Economic Association - MVEA, ISSN 0361-6576. - Vol. 27.2001, 1, p. 63-78
|
Publisher: |
Missouri Valley Economic Association - MVEA |
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