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A simple regression of personal income per capita for the U.S. states is estimated from cross-section data for the years 1929, 1950, 1970 and 1990 with each state's distance from the equator as the regressor. While proximity to the equator is noted to have a sizable adverse effect on income,...
Persistent link: https://www.econbiz.de/10005290312
Using a good inequality index, and data on personal income and cost-of-living estimates for the period 1981-90, interstate inequality in 'nominal' and 'real' personal income per capita is compared. Four points are noted. First, inequality in real income is smaller than that in nominal income....
Persistent link: https://www.econbiz.de/10005290635
Five points are made in this study. First, using a well-recommended measure, inter-U3state income inequality is reported for each year from 1950 through 1989, and its very small magnitude is pointed out along with the U-shaped profiles. Second, it is shown that a simple quadratic-form model fits...
Persistent link: https://www.econbiz.de/10005290686
Persistent link: https://www.econbiz.de/10005683808