Sigma Convergence Versus Beta Convergence: Evidence from County-level Data
This note outlines: 1) Why sigma-convergence may not accompany beta-convergence; 2) Cites evidence of beta-convergence in the U.S.; 3) Demonstrates that sigma-convergence does not hold across the U.S. or within most U.S. states; and 4) Demonstrates the robustness of this finding to increases in mean income. The distributions of shocks appear important towards accounting for income disparity.
Year of publication: |
2003-09
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Authors: | Higgins, Matthew ; Levy, Daniel ; Young, Andrew |
Institutions: | Department of Economics, Emory University |
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